Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Bull Market Weakness (+75) - PHPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PHPUSD as it may be in the beginning stages of a reversal.
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 DOWN since Feb 22nd, 2021 at 0.02057131
The intermediate-term trend has been UP since Apr 16th, 2021 at 0.02069898
The short-term trend has been UP since Apr 13th, 2021 at 0.02061751
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).