Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Philippine Peso/Euro (FOREX:PHPEUR)
Bull Market Weakness (+75) - PHPEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PHPEUR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for PHPEUR
The long-term trend has been DOWN since Jun 27th, 2022 at 0.01720797
The intermediate-term trend has been UP since Aug 31st, 2023 at 0.01641166
The short-term trend has been UP since Sep 22nd, 2023 at 0.01655612
Smart Scan Analysis for PHPEUR
Based on our trend formula, PHPEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).