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U.S. Dollar / Philippine peso

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USDPHP trade ideas

PHPUSD Outlookphilippines is struggling alot, offshore workers going back. so foreign remittance decreased alot. Tourism decreased by 75% + -, unemployment is going to keep going up and the government have to keep borrowing money from outside. GDP -16.5&, GNI -17%, Inflation 2.7% July 2020, trade exports: $5.33 p Imports: $6.63 p =balance of trade $-1.3p )fob value in billions(June 2020 stats), The country though, would benefit from a much weaker php, focus on more export, and you need to be price competetive, cut imports. Weaker php also means increased tourism boom once covid start normalizing. Just my thoughts.
Short
by MoneysharX
USD/PHPMy Technical Analysis USD/PHP Based on my technical analysis and as caused by the ongoing COVID-19 pandemic, I can see that the value of PHP (Philippine Peso) can possibly drop from 47 to 45 Reason: 1) June & July closed below Exponential Moving Average 20 & 50 2) Elliott Wave (4) is a corrective wave. it played out perfectly in Fibonacci retracement 3)Stochastic RSI shows a big drop at 1.0 & MACD is now below -0.1. Conclusion: Drop at PHP 47.00 to 45.00 Long Term: Let's get back to PHP 56.00 SHORT THE MARKET NOT FINANCIAL ADVICE
Short
by UnknownUnicorn9088861
PHP.USD P-Modeling Pt 1. Forex Experimentation In Quantra Forex Experimentation using Quantum Hyperspace Decoding Protocols. Next up, is PHP.USD Find the "we are here" bubble to begin. Global Modeling Harmonic Strings of Quantum Butterflies + Quantum Cyphers + a developing Cup and Handle . Long Term Prediction Modeling. Date-frame: 2008 to 2021 Timeframe: 1 Week A potential legendary trade is possible here for the PHP .USD pairing for the year of 2020. Waiting for geometric confirmation before longing... As shown, we must go down a bit before Long Entry is viable Must confirm drop to initiate long Trade. Mapped 2008 to 2011.. Executed 2020. If one looks closely we can say an array of strings of harmonics, butterflies and resistances and two distinct cycles present. These are not mistakes. Geometric representation of analog data is superior to most programmed indicators and Traditional Analysis. I feel there will be a completion of the current 1 Day timeframe harmonic scales between timeframes outlined and a well executed cup and handle .. All harmonics are constructed from actualized data strings from 2D to 3D using unique hyperspace protocols. Failure is a necessary component of success. Trial and Error is the superior phenomenological reductionist analysis. Welcome to the Hyperspace. Thanks for pondering the unknown with me, Glitch420
Long
by Glitch420
1
US Dollar and Philippine Peso Analysis (Daily Chart) 11.13.2018US Dollar and Philippine Peso Analysis (Daily Chart) 11.13.2018 Still an Uptrend. Price hit EMA 200 on 11/7, Bearish Candle, but followed by 2 Bullish Candle Price just came from a major support level Retracement already ended, Stochastic is almost on level (out of the oversold zone) Generally a Healthy uptrend Recommendations: BUY at 53.025 when market opens next week SL: 52.056 Below the major resistance level TP: 54.365 Previous swing high Risk and Reward Ratio: 1:2
by krypthonyt
PHP downtrend continuation. Great R:R.The Peso continues to decline this month. Since the 10% crash from January to February, the long term trend is in a downwards channel. However I believe that it will once again break below the channel and continue to fall. (Click and drag on the price axis to move the chart). Looking at more short term profits: A Head and Shoulders pattern is forming on the daily chat. This is normally a reversal pattern and not a continuation, however I believe that a 50% retracement of the "head" will still act as resistance, as it has in previous red daily candles. See the black horizontal minor resistance level from the past month as this also lines up. Normally the target of this H&S would be a 1:1 extension of the head to the neckline, however because it will be breaking this important channel, there is no resistance there to hold it so expect a drop fast. Possible resistance level is the black line on the chart. The RSI is not near the oversold level, so still has further to fall. Downsides: -There have not been any noticeable H&S formations on this pairing in the past. -H&S normally signifies a reversal rather than continuation. -The resistance in the channel may be enough to push it back up as this "H&S" is not yet so big. If this fails then look for a short opportunity after a larger structure. Good luck trading.
by Etch1234