Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Strong Uptrend (+100) - PHPUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PHPUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid PHPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPUSD
The long-term trend has been UP since May 1st, 2020 at 0.02005644
The intermediate-term trend has been UP since Jun 4th, 2020 at 0.02007925
The short-term trend has been UP since Aug 10th, 2020 at 0.02042331
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).