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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Philippine Peso (FOREX:GBPPHP)

Countertrend Down (-85) - GBPPHP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid GBPPHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPPHP
Open High Low GBPPHP Price Change
70.88814 71.90397 70.86112 70.88672 -0.00142
Entry Signal

MarketClub’s Trade Triangles for GBPPHP

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 69.42953

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 69.78793

short term up The short-term trend has been UP since Mar 11th, 2024 at 71.72974

Smart Scan Analysis for GBPPHP

Based on our trend formula, GBPPHP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.88814 71.90397 70.86112 70.88672 -0.00142
Prev. Close Volume Bid Ask Time
70.88814 2024-03-19 05:55:17
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