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Forex Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

US Dollar/Philippine Peso (FOREX:USDPHP)

Weak Downtrend (-65) - USDPHP is showing signs of a strengthening downtrend. Monitor USDPHP as it may be building momentum to the downside.

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
56.7635 56.7695 56.6850 56.7395 -0.0240
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term up The long-term trend has been UP since Aug 11th, 2023 at 56.5765

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2023 at 56.4120

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 56.7040

Smart Scan Analysis for USDPHP

Based on our trend formula, USDPHP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.7635 56.7695 56.6850 56.7395 -0.0240
Prev. Close Volume Bid Ask Time
56.7635 2023-10-04 02:10:04
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