Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for USDPHP
The long-term trend has been DOWN since Jul 20th, 2021 at 47.5600
The intermediate-term trend has been UP since Sep 22nd, 2021 at 50.3705
The short-term trend has been DOWN since Oct 24th, 2021 at 50.7020
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).