Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US Dollar/Philippine Peso (FOREX:USDPHP)
Bull Market Weakness (+75) - USDPHP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDPHP as it may be in the beginning stages of a reversal.
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 UP since Feb 21st, 2021 at 48.6250
The intermediate-term trend has been UP since Feb 16th, 2021 at 48.1745
The short-term trend has been DOWN since Feb 26th, 2021 at 48.5070
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).