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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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.

FOREX_PHPZAR
Open High Low PHPZAR Price Change
0.28797529 0.29249708 0.28666901 0.29211590 +0.00414100
Entry Signal

MarketClub’s Trade Triangles for PHPZAR

long term up The long-term trend has been UP since Aug 20th, 2021 at 0.30253872

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.29037772

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.28937287

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).

-55
Smart Scan Analysis for PHPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28797529 0.29249708 0.28666901 0.29211590 +0.00414100
Prev. Close Volume Bid Ask Time
0.28797529 2021-10-22 17:01:07
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