Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Philippine Peso (FOREX:USDPHP)
Bear Market Rally (-75) - USDPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDPHP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPHP
The long-term trend has been DOWN since Apr 7th, 2020 at 50.369207
The intermediate-term trend has been UP since May 17th, 2020 at 50.855500
The short-term trend has been DOWN since May 26th, 2020 at 50.609354
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).