Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Weak Downtrend (-65) - PHPZAR is showing signs of a strengthening downtrend. Monitor PHPZAR as it may be building momentum to the downside.
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 DOWN since Nov 3rd, 2020 at 0.33234137
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.30754070
The short-term trend has been UP since Feb 25th, 2021 at 0.30648367
Smart Scan Analysis for PHPZAR
Based on our trend formula, PHPZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).