Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 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 UP since Jun 27th, 2022 at 58.113
The intermediate-term trend has been DOWN since Feb 2nd, 2023 at 58.749
The short-term trend has been DOWN since Feb 2nd, 2023 at 59.039
Smart Scan Analysis for EURPHP
Based on our trend formula, EURPHP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).