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.
MarketClub’s Trade Triangles for ZARPHP
The long-term trend has been DOWN since Oct 5th, 2023 at 2.8969404
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 2.9701088
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).