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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Philippine Peso/South African Rand (FOREX:PHPZAR)

Countertrend Down (-85) - PHPZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_PHPZAR
Open High Low PHPZAR Price Change
0.31776021 0.31833803 0.31543352 0.31662969 -0.00113100
Entry Signal

MarketClub’s Trade Triangles for PHPZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 0.32814544

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.33511394

short term up The short-term trend has been UP since May 23rd, 2024 at 0.31570033

Smart Scan Analysis for PHPZAR

Based on our trend formula, PHPZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for PHPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31776021 0.31833803 0.31543352 0.31662969 -0.00113100
Prev. Close Volume Bid Ask Time
0.31776021 2024-05-24 17:00:10
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