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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
US Dollar/Philippine Peso (FOREX:USDPHP)
Countertrend Up (+85) - USDPHP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDPHP
The long-term trend has been UP since Nov 1st, 2024 at 58.7240
The intermediate-term trend has been UP since Dec 11th, 2024 at 59.1100
The short-term trend has been DOWN since Dec 20th, 2024 at 58.7395
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.9645 | 59.0230 | 58.6150 | 58.8350 | -0.1295 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.9645 | 2024-12-20 17:06:00 |