Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
US Dollar/Philippine Peso (FOREX:USDPHP)
Crossroads (-60) - USDPHP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jul 20th, 2021 at 47.5600
The intermediate-term trend has been UP since Sep 22nd, 2021 at 50.3705
The short-term trend has been UP since Oct 15th, 2021 at 51.0355
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).