Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Euro/Philippine Peso (FOREX:EURPHP)
Sidelines Mode (-55) - EURPHP 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 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 Aug 25th, 2021 at 57.516
The intermediate-term trend has been DOWN since Oct 6th, 2021 at 58.691
The short-term trend has been UP since Oct 11th, 2021 at 58.757
Smart Scan Analysis for EURPHP
Based on our trend formula, EURPHP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).