Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Long-Term Uptrend (+90) - ZARPHP is in a strong uptrend that is likely to continue. While ZARPHP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 3rd, 2020 at 3.0089223
The intermediate-term trend has been UP since Apr 5th, 2021 at 3.3286268
The short-term trend has been UP since Apr 13th, 2021 at 3.3452828
Smart Scan Analysis for ZARPHP
Based on our trend formula, ZARPHP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).