$USDPHP | Elliott Wave Principle in Weekly Timeframe | Forecast This week marks the hit of our parallel channel Zigzag correction for WaveB SUPERCYCLE. This tell's us that USDPHP is currently at parallel resistance. once the rejection starts, we can see that USDPHP will go around 55-54php per US dollar as alternation of correction suggested a Zigzag correction...
Technical analysis looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis instead looks at economic and financial factors that influence a business.
Technical analysis looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis instead looks at economic and financial factors that influence a business.
A bearish divergence is a pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price (google copy paste).
USD - PHP CHART DECREASING RSI + INCREASING PRICE = BEARISH DIVERGENCE A bearish divergence is a pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid...
Most likely a correction will come in very soon. The political pressure to overvalue the USD, just because of the interests on loan can't simulate a strong currency alone. Anyhow the targets have been reached and according to several indicators, its time for a correction to lower re-enries.
Long term: bullish Mid term: Bullish Short Term: Bullish = 52.8 caveat
USDPHP - 29Apr2022 On the H4, USDPHP is facing bearish pressure from the H4 & H1 trendlines. H1 h&s still intact and we could expect further downside to target at around 51.92. If price bounce above both trendlines, h&s will be invalidated. Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 26Apr2022 On the H4, USDPHP is pulling back after all the price action and indicators are siding towards short-term top. The price is current at H1 200MA + trendline support. We could expect a short-term bounce based on H1 price action. Noting Daily Stochastic is still at resistance and we could expect deeper pullback. Disclaimer: This is for personal...
USDPHP - 25Apr2022 On the weekly, USDPHP retested and faced bearish pressure at the recent highs around 52.56. However its Daily Stochastic is still at resistance. On the H4, price rebounded near the 23.6% Fib retracement and 50MA at around 52.20. If price drop, we could expect it to found strong support around 200MA + 1st Support around 51.99. If price bounce...
Here in the chart, currency may experience a short term impulsive completion of 5th wave of larger complex corrective wave Y. When validated, currency pair may then face sell off to begin an anticipated impulsive wave down. #USDPHP #elliotwaveforecast #PHelection
USDPHP - 20Apr2022 On the H4, price is near the previous highs at around 52.56. We will need to wait and see whether price can break above this level. Taking into account that Daily and H4 Stochastic is at resistance as well as indicating negative bearish divergence, USDPHP could reverse any moment. This is for personal work record purposes only, not trade /...
USDPHP - 18Apr2022 On the weekly, USDPHP is well above 61.8% Fib retracement at 51.79. We could expect it to bounce further to 78.6% Fib resistance at 52.95 soon. On the H4, price is consolidating just below the 1st Resistance at 52.25. With the rebound of strength in DXY, USDPHP could very well break above this level to 2nd Resistance at 52.58 next week. This...
USDPHP - 12Apr2022 On the daily, USDPHP is nearing 78.6% Fib at 52.24. If price can close back above 78.6% Fib resistance at 52.24, we could expect price to retest the recent highs at 52.56 On the H4, price continue to bounce higher and reconfirm above all the 3 MAs. We could expect further upside to 52.58. This is for personal work record purposes only, not...
USDPHP - 11Apr2022 On the weekly, USDPHP bounced back strongly after dropping to 20EMA + 1st Support at 51.17. If price can close back above 78.6% Fib resistance at 52.24, we could expect price to retest the recent highs. On the H4, price is bouncing back above the 200MA and is now at 1st Resistance. We could expect price to face bearish pressure at current...
USDPHP - 08Apr2022 On the H4, price is rebounding above the 20EMA. It is highly possible that USDPHP would bounce higher to retest daily 20 & 50 MAs resistance at 51.69 before facing bearish pressure. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 07Apr2022 On the H4, price dropped to near 1st Support at 51.07. If H1 price action is able to follow through and close above both 20EMA & 50MA, we could expect USDPHP to continue bouncing back to daily 1st Resistance at 51.69. This is for personal work record purposes only, not financial advise or solicitation of trade.
USDPHP - 06Apr2022 On the weekly, USDPHP dropped to 20EMA support. We could expect a short-term bounce. On the daily, price confirmed below the 20 & 50MAs. If the price rebound to resistance at 51.69, we could expect it to face bearish pressure. On the H4, price dropped to near 1st Support at 51.07. With RSI at support, we could expect price to bounce back to...