Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Crossroads (+60) - PHPZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 3rd, 2020 at 0.33234137
The intermediate-term trend has been UP since Mar 4th, 2021 at 0.31263632
The short-term trend has been UP since Mar 4th, 2021 at 0.31205691
Smart Scan Analysis for PHPZAR
Based on our trend formula, PHPZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).