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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.

FOREX_ZARPHP
Open High Low ZARPHP Price Change
2.8888830 2.8971664 2.8795222 2.8945120 +0.0056290
Entry Signal

MarketClub’s Trade Triangles for ZARPHP

long term down The long-term trend has been DOWN since Feb 26th, 2020 at 3.3326826

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 2.7977098

short term down 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).

+55
Smart Scan Analysis for ZARPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8888830 2.8971664 2.8795222 2.8945120 +0.0056290
Prev. Close Volume Bid Ask Time
2.8888830 2.8937133 2.8953107 2020-06-02 04:22:01
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