Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Strong Uptrend (+100) - PHPUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PHPUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Dec 1st, 2022 at 0.01776678
The intermediate-term trend has been UP since Mar 20th, 2023 at 0.01835301
The short-term trend has been UP since Mar 16th, 2023 at 0.01827469
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).