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40x15y
May 17, 2019 6:08 PM
USDPHP Weekly Analysis
Long
FX_IDC:USDPHP
1W
U.S. DOLLAR / PHILIPPINE PESO
ICE
Description
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May 17, 2019 6:08 PM
BSP announces rate cut last May 9 and multiple RRR cuts thereafter. USDPHP has spoken it wants to go up. Possibly 56 if the previous 8% to 9% runups are any indication.
Comment
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Oct 28, 2019 8:54 AM
Philequity Corner is bearish on the pair as of today.
Trend Analysis
Comments
thedza
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Aug 14, 2019 6:03 PM
Great analysis. Timing is terrible for me. I need to convert PHP to USD. I missed the sub 50 php a couple of weeks ago.
40x15y
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Aug 18, 2019 2:42 PM
@thedza
, thanks. if it makes you feel better, I bought at 52.65 before it fell to 50.90.
thedza
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Aug 18, 2019 3:29 PM
@40x15y
, misery loves company I guess lol. Here’s to the short-term downward trend continuing in the coming days!
michaeljohn.e.cruz
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Jun 17, 2019 11:49 PM
same view here sir :)
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