Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 8, 2022.

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
55.3515 55.4325 55.3505 55.4035 +0.0520
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 56.3030

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2022 at 57.7875

short term down The short-term trend has been DOWN since Nov 28th, 2022 at 56.5800

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
55.3515 55.4325 55.3505 55.4035 +0.0520
Prev. Close Volume Bid Ask Time
55.3515 2022-12-08 00:52:30
Get a free daily analysis and signals for US Dollar/Philippine Peso (USDPHP) - Request Your Free Report.