Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Philippine Peso/British Pound (FOREX:PHPGBP)
Bear Market Rally (-75) - PHPGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PHPGBP as it may be in the beginning of a reversal.
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 UP since Sep 29th, 2021 at 0.01461180
The short-term trend has been DOWN since Oct 4th, 2021 at 0.01444363
Smart Scan Analysis for PHPGBP
Based on our trend formula, PHPGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).