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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Philippine Peso/US Dollar (FOREX:PHPUSD)

Long-Term Downtrend (-90) - PHPUSD is in a strong downtrend that is likely to continue. While PHPUSD 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 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.

FOREX_PHPUSD
Open High Low PHPUSD Price Change
0.02053793 0.02058702 0.02050821 0.02057887 +0.00004100
Entry Signal

MarketClub’s Trade Triangles for PHPUSD

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 0.02057131

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.02076434

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 0.02079179

Smart Scan Analysis for PHPUSD

Based on our trend formula, PHPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PHPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02053793 0.02058702 0.02050821 0.02057887 +0.00004100
Prev. Close Volume Bid Ask Time
0.02053793 2021-02-24 18:43:59
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