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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Philippine Peso/Euro (FOREX:PHPEUR)

Bear Market Rally (-75) - PHPEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PHPEUR as it may be in the beginning of a reversal.

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

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

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

FOREX_PHPEUR
Open High Low PHPEUR Price Change
0.01588243 0.01588243 0.01582137 0.01583390 -0.00004900
Entry Signal

MarketClub’s Trade Triangles for PHPEUR

long term down The long-term trend has been DOWN since Dec 27th, 2023 at 0.01627879

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2024 at 0.01621886

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 0.01585448

Smart Scan Analysis for PHPEUR

Based on our trend formula, PHPEUR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for PHPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01588243 0.01588243 0.01582137 0.01583390 -0.00004900
Prev. Close Volume Bid Ask Time
0.01588243 2024-06-19 19:19:32
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