Forex Trend Analysis Report
Prepared for you on Thursday, October 22, 2020.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Bull Market Weakness (+75) - ZARPHP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARPHP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARPHP
The long-term trend has been DOWN since Feb 26th, 2020 at 3.3326826
The intermediate-term trend has been UP since Oct 21st, 2020 at 2.9621543
The short-term trend has been UP since Oct 19th, 2020 at 2.9513301
Smart Scan Analysis for ZARPHP
Based on our trend formula, ZARPHP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).