Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Euro/Philippine Peso (FOREX:EURPHP)
Weak Downtrend (-65) - EURPHP is showing signs of a strengthening downtrend. Monitor EURPHP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURPHP
The long-term trend has been DOWN since Sep 27th, 2023 at 59.875
The intermediate-term trend has been UP since Nov 14th, 2023 at 60.617
The short-term trend has been DOWN since Nov 30th, 2023 at 60.609
Smart Scan Analysis for EURPHP
Based on our trend formula, EURPHP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).