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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Philippine Peso (FOREX:USDPHP)
Weak Downtrend (-65) - USDPHP is showing signs of a strengthening downtrend. Monitor USDPHP as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for USDPHP
The long-term trend has been UP since Nov 1st, 2024 at 58.7240
The intermediate-term trend has been DOWN since Dec 26th, 2024 at 57.7250
The short-term trend has been DOWN since Dec 20th, 2024 at 58.7395
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.0540 | 58.0870 | 57.1690 | 57.9645 | -0.0895 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.0540 | 2024-12-26 06:28:51 |