Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Philippine Peso/British Pound (FOREX:PHPGBP)
Long-Term Downtrend (-90) - PHPGBP is in a strong downtrend that is likely to continue. While PHPGBP 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 PHPGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPGBP
The long-term trend has been DOWN since Jul 30th, 2020 at 0.01563883
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 0.01477504
The short-term trend has been DOWN since Apr 18th, 2021 at 0.01494304
Smart Scan Analysis for PHPGBP
Based on our trend formula, PHPGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).