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Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Long-Term Downtrend (-90) - PHPZAR is in a strong downtrend that is likely to continue. While PHPZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for PHPZAR
The long-term trend has been DOWN since Jul 27th, 2023 at 0.32044872
The intermediate-term trend has been DOWN since Aug 29th, 2023 at 0.32508980
The short-term trend has been DOWN since Sep 19th, 2023 at 0.33299629
Smart Scan Analysis for PHPZAR
Based on our trend formula, PHPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.33312618 | 0.33382625 | 0.32978781 | 0.33079643 | -0.00233000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.33312618 | 2023-09-22 11:19:22 |