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PHILIPPINE PESO / U.S. DOLLAR

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PHPUSD trade ideas

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.
Short
by TTMFS
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.
Short
by TTMFS
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.
Short
by TTMFS
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.
Short
by TTMFS
USDPHP - 14Mar2022USDPHP - 14Mar2022 On the weekly, USDPHP has been on a bullish uptrend for the last 2 weeks ever since breaking above the parallel channel. In anticipation of the 3rd bar, we could expect this week to be further upside for USDPHP. On the H4 if the price is able to close above resistance at 52.34, we could expect the price to bounce to 1st Resistance at 52.80. On a cautious note, Stochastic is also approaching resistance. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USDPHP - 09Mar2022USDPHP - 09Mar2022 On the daily, USDPHP surged and confirmed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback. On the H4, price pulled back and rebounded back to the 1st Resistance at 52.35 after Stochastic hit its resistance yesterday. Will have to further monitor the price today. If it breaks above 1st Resistance at 52.35, price could likely be setting up for negative bearish divergence. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS