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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

US Dollar/Philippine Peso (FOREX:USDPHP)

Long-Term Downtrend (-90) - USDPHP is in a strong downtrend that is likely to continue. While USDPHP 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 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
54.390 54.460 54.314 54.379 -0.011
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 56.3030

intermediate term down The intermediate-term trend has been DOWN since Mar 16th, 2023 at 54.5395

short term down The short-term trend has been DOWN since Mar 16th, 2023 at 54.7210

Smart Scan Analysis for USDPHP

Based on our trend formula, USDPHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.390 54.460 54.314 54.379 -0.011
Prev. Close Volume Bid Ask Time
54.390 2023-03-28 08:23:25
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