Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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 Feb 26th, 2020 at 3.3326826
The intermediate-term trend has been UP since May 20th, 2020 at 2.7977098
The short-term trend has been DOWN since May 29th, 2020 at 2.8822541
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).