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Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Sidelines Mode (-55) - ZARPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARPHP.
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 ZARPHP
The long-term trend has been DOWN since May 9th, 2022 at 3.2412037
The intermediate-term trend has been DOWN since Jul 11th, 2022 at 3.2984174
The short-term trend has been UP since Aug 9th, 2022 at 3.3482666
Smart Scan Analysis for ZARPHP
Based on our trend formula, ZARPHP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3580275 | 3.3620359 | 3.3511870 | 3.3612409 | +0.0032130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3580275 | 2022-08-10 03:48:43 |