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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/Philippine Peso (FOREX:ZARPHP)

Bear Market Rally (-75) - ZARPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARPHP as it may be in the beginning of a reversal.

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
2.9754405 2.9758951 2.9574534 2.9581906 -0.0172500
Entry Signal

MarketClub’s Trade Triangles for ZARPHP

long term down The long-term trend has been DOWN since Feb 23rd, 2024 at 2.9047169

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 2.9843058

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 2.9602782

Smart Scan Analysis for ZARPHP

Based on our trend formula, ZARPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9754405 2.9758951 2.9574534 2.9581906 -0.0172500
Prev. Close Volume Bid Ask Time
2.9754405 2024-03-28 05:21:50
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