Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Bull Market Weakness (+75) - PHPZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PHPZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid PHPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPZAR
The long-term trend has been UP since May 9th, 2022 at 0.30852081
The intermediate-term trend has been UP since Jan 16th, 2023 at 0.31368291
The short-term trend has been DOWN since Mar 22nd, 2023 at 0.33455808
Smart Scan Analysis for PHPZAR
Based on our trend formula, PHPZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).