Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Long-Term Uptrend (+90) - PHPUSD is in a strong uptrend that is likely to continue. While PHPUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid PHPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPUSD
The long-term trend has been UP since May 1st, 2020 at 0.02005644
The intermediate-term trend has been UP since Oct 27th, 2020 at 0.02071273
The short-term trend has been UP since Nov 23rd, 2020 at 0.02076973
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).