Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Sidelines Mode (+55) - PHPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PHPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPZAR
The long-term trend has been UP since May 9th, 2022 at 0.30852081
The intermediate-term trend has been UP since Jul 11th, 2022 at 0.30307289
The short-term trend has been DOWN since Aug 9th, 2022 at 0.29868501
Smart Scan Analysis for PHPZAR
Based on our trend formula, PHPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).