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Forex Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

US Dollar/Philippine Peso (FOREX:USDPHP)

Bear Market Rally (-75) - USDPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDPHP as it may be in the beginning 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.

FOREX_USDPHP
Open High Low USDPHP Price Change
49.4500 49.4700 49.3905 49.4300 -0.0200
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 50.369207

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2020 at 50.089928

short term up The short-term trend has been UP since Jul 7th, 2020 at 49.613000

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).

-75
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.4500 49.4700 49.3905 49.4300 -0.0200
Prev. Close Volume Bid Ask Time
49.4500 49.4250 49.4350 2020-07-09 06:47:19
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