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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USDPHP
USDPHPHELLO GUYS THIS MY IDEA 💡ABOUT USDPHP is nice to see strong volume area....
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USDPHP Continues to weakenGood day,
Currently on track to reach 60 for now as trend indicators continue to keep the pair above 58. Also noting that US Feds ain't done yet on rate hikes, expect this to further put a dent on PHP demand.
USDPHP - 29Apr2022USDPHP - 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 - 26Apr2022USDPHP - 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 work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 25Apr2022USDPHP - 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 higher, we will need to wait and see whether price can break above this level.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 20Apr2022USDPHP - 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 / financial advise or solicitation of trade.
USDPHP - 18Apr2022USDPHP - 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 is for personal work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 12Apr2022USDPHP - 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 trade / financial advise or solicitation of trade.
USDPHP - 11Apr2022USDPHP - 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 level and wait out to see whether it will bounce back to retest resistance at 52.25.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
USDPHP - 08Apr2022USDPHP - 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 - 07Apr2022USDPHP - 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 - 06Apr2022USDPHP - 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 1st Resistance at 51.45. If it continues to bounce, it would face bearish pressure from daily resistance at 51.69.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 31Mar2022USDPHP - 31Mar2022
On the H4, price dropped lower last 2 days after RSI formed negative bearish divergence. Price is now approaching 200MA support at 51.79-51.84. We could expect price to rebound from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 28Mar2022USDPHP - 28Mar2022
On the weekly, USDPHP pulled back last week after the previous week doji candle. Price could potentially pull back lower this week as weekly Stochastic is still at resistance.
On the H4, price dropped lower after breaking the triangle and RSI formed negative bearish divergence for the last 3 zigzags. USDPHP has further downside to triangle target at around 51.79 once it breaks below 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 25Mar2022USDPHP - 25Mar2022
On the H4, price has broken below the triangle. With RSI indicating negative bearish divergence for the last 3 zigzag price action, we could expect it to drop lower to 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 24Mar2022USDPHP - 24Mar2022
On the H4, RSI is indicating negative bearish divergence for the last 3 zigzag price action. Once price can break below the ascending trendline, we could expect it to drop lower to 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 23Mar2022USDPHP - 23Mar2022
On the H4, RSI is indicating negative bearish divergence for the last 3 zigzag price action. Once price can break below the ascending trendline, we could expect it to drop lower to 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 21Mar2022USDPHP - 21Mar2022
On both weekly/daily, price is at Stochastic resistance. Price closed last week on a doji and could potentially be pulling back this week.
On the H4 & H1, price bounced back and faced bearish pressure at 78.6% Fib resistance at 52.40. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline support.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 18Mar2022USDPHP - 18Mar2022
On both weekly/daily, price is at Stochastic resistance.
On the H4 & H1, price is bouncing back to 61.8% Fib resistance at 52.34. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline support.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 16Mar2022USDPHP - 16Mar2022
On the H4, price is pulling back from the highs at 52.50. With daily Stochastic at resistance, we could expect USDPHP to pull back lower. H4 Stochastic also have room for further downside till support, further adding to the bearishness.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 15Mar2022USDPHP - 15Mar2022
On the H4, price is pulling back after closing higher yesterday. With Stochastic pulling back from resistance, price could potentially pull back lower to the ascending trendline before further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
