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USDPHP (UsDollar Vs Philippine Peso)#USDPHP (UsDollar Vs Philippine Peso) chart is in good demand Area
Entry:55.41
SL:55.06
TP:58.87
RR= 1:10
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Usd php down trendAll info priced in on price.
Here we see price tap the upper trend line in a down phase. And we see 2 cycles confirm our trend.
How will price behave next week?
Philippine peso ceiling and floorCeiling 55.08
Floor 53.65
Price did test the ceiling last week but was rejected. Let us see how price will behave next week.
Usd php trending upAll information priced in. 2 cycles of higher highs lower highs and buyers bar yesterday.
Plan your trade; do not short.
Usd phpThis doesnt mean the php is weak, only that the dollar is strong.
Change in monitary policy is ahead for the us because of yesterday's negative cpi data and their fight to target 2% inflation rate.
Expect dollar to appreciate not in favor of peso.
But for our expats who work outside the ph, this
USD PHP phase 2All is priced in and the trendline is not yet broken. So, we're still in the short so far. unless the trendline is broken and a new higher high lower high appears; we'll be ok to continue the short. just care because the current price is on the buy and more on the short term longs
Usd php weak floor at 52 Floor is far down there. Good tidings for the peso. Opportunity to buy more usd.
Usd php ceiling and floorPrice is being rejected via the ceiling and should proceed and ease towards the floor. As Philippines continues its economic growth, it is as expected.
You may short, but note the floor price. You may set tp before it.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
