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SMCTRADER08

Stronger Philippine Peso is expected over days ahead

Short
U.S. Dollar / Philippine peso (FX_IDC:USDPHP)  
SMCTRADER08  
FX_IDC:USDPHP   U.S. Dollar / Philippine peso
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
Looks like the Philipppine Peso will be stronger on the coming days over the US Dollar. Technically USDPHP is toppish. USDPHP already reached the upper trenline of the Uptrend Channel and also making a higher low. There is already a divergence between the price and Relative Strenght Index.

Support levels are at 51.46, 51.12 and 50.78. Resistance is seen at 52.
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