Forex Trend Analysis Report
Prepared for you on Friday, July 3, 2020.
Euro/Philippine Peso (FOREX:EURPHP)
Long-Term Downtrend (-90) - EURPHP is in a strong downtrend that is likely to continue. While EURPHP 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 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 Mar 19th, 2020 at 54.556
The intermediate-term trend has been DOWN since Jun 29th, 2020 at 55.930
The short-term trend has been DOWN since Jun 25th, 2020 at 56.057
Smart Scan Analysis for EURPHP
Based on our trend formula, EURPHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).