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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Philippine Peso (FOREX:USDPHP)

Sidelines Mode (-55) - USDPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_USDPHP
Open High Low USDPHP Price Change
55.728 56.430 55.717 55.942 +0.214
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since Mar 12th, 2024 at 55.139

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 55.562

short term up The short-term trend has been UP since Mar 15th, 2024 at 55.609

Smart Scan Analysis for USDPHP

Based on our trend formula, USDPHP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.728 56.430 55.717 55.942 +0.214
Prev. Close Volume Bid Ask Time
55.728 2024-03-19 07:42:43
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