Forex Trend Analysis Report
Prepared for you on Thursday, December 8, 2022.
US Dollar/Philippine Peso (FOREX:USDPHP)
Long-Term Downtrend (-90) - USDPHP is in a strong downtrend that is likely to continue. While USDPHP 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 USDPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPHP
The long-term trend has been DOWN since Dec 1st, 2022 at 56.3030
The intermediate-term trend has been DOWN since Nov 9th, 2022 at 57.7875
The short-term trend has been DOWN since Nov 28th, 2022 at 56.5800
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).