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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.

FOREX_PHPZAR
Open High Low PHPZAR Price Change
0.33312618 0.33382625 0.32978781 0.33079643 -0.00233000
Entry Signal

MarketClub’s Trade Triangles for PHPZAR

long term down The long-term trend has been DOWN since Jul 27th, 2023 at 0.32044872

intermediate term down The intermediate-term trend has been DOWN since Aug 29th, 2023 at 0.32508980

short term down 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).

-90
Smart Scan Analysis for PHPZAR
Strong Downtrend Sideways 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
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