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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.

FOREX_USDPHP
Open High Low USDPHP Price Change
50.600500 50.640000 50.385500 50.443044 -0.157456
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 50.369207

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 50.855500

short term down 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).

-75
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.600500 50.640000 50.385500 50.443044 -0.157456
Prev. Close Volume Bid Ask Time
50.600500 50.307969 50.578118 2020-05-29 17:18:38
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