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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

US Dollar/Philippine Peso (FOREX:USDPHP)

Strong Uptrend (+100) - USDPHP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDPHP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
57.4140 57.6185 57.4140 57.5280 +0.1140
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term up The long-term trend has been UP since Apr 4th, 2024 at 57.1225

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2024 at 56.6735

short term up The short-term trend has been UP since Apr 12th, 2024 at 56.6120

Smart Scan Analysis for USDPHP

Based on our trend formula, USDPHP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.4140 57.6185 57.4140 57.5280 +0.1140
Prev. Close Volume Bid Ask Time
57.4140 2024-04-23 04:13:43
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