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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

South African Rand/Philippine Peso (FOREX:ZARPHP)

Long-Term Downtrend (-90) - ZARPHP is in a strong downtrend that is likely to continue. While ZARPHP 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 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.

FOREX_ZARPHP
Open High Low ZARPHP Price Change
2.9254640 2.9257687 2.9249468 2.9255042 +0.0000400
Entry Signal

MarketClub’s Trade Triangles for ZARPHP

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 2.8969404

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 2.9701088

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 2.9353694

Smart Scan Analysis for ZARPHP

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

-90
Smart Scan Analysis for ZARPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9254640 2.9257687 2.9249468 2.9255042 +0.0000400
Prev. Close Volume Bid Ask Time
2.9254640 2023-12-11 00:33:51
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