Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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.
MarketClub’s Trade Triangles for ZARPHP
The long-term trend has been DOWN since Aug 20th, 2021 at 3.3056649
The intermediate-term trend has been UP since Oct 15th, 2021 at 3.4440547
The short-term trend has been DOWN since Oct 22nd, 2021 at 3.4557492
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).