Forex Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Sidelines Mode (-55) - PHPUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jun 30th, 2021 at 0.02040995
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 0.01980002
The short-term trend has been UP since Jan 19th, 2022 at 0.01953896
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).