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Forex Trend Analysis Report

Prepared for you on Sunday, May 16, 2021.

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.

FOREX_USDPHP
Open High Low USDPHP Price Change
47.802500 47.885000 47.684000 47.744506 -0.057994
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since May 14th, 2021 at 47.7180

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 48.4040

short term down The short-term trend has been DOWN since May 12th, 2021 at 47.7765

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).

-90
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.802500 47.885000 47.684000 47.744506 -0.057994
Prev. Close Volume Bid Ask Time
47.802500 2021-05-14 17:17:45
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