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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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.

FOREX_PHPGBP
Open High Low PHPGBP Price Change
0.01350357 0.01351645 0.01344548 0.01350198 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for PHPGBP

long term down The long-term trend has been DOWN since Dec 27th, 2023 at 0.01378304

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 0.01391400

short term down The short-term trend has been DOWN since May 10th, 2024 at 0.01390168

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).

-90
Smart Scan Analysis for PHPGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01350357 0.01351645 0.01344548 0.01350198 -0.00000200
Prev. Close Volume Bid Ask Time
0.01350357 2024-05-27 08:14:35
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