Looks like USD/PHP respected the PRZ of a Bearish ABCD that we identified but the higher trendline is supporting it from going down further. Check here http://fibonaccitrader618.blogspot.com/2016/09/philippine-peso-php-remains-weak.html.
A Technical Analysis of the Financial Market Using Fibonacci, Elliott Wave, Andrew's Pitchfork, Ichimoku, Moving Average and Different Chart Patterns
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Showing posts with label Bearish ABCD. Show all posts
Showing posts with label Bearish ABCD. Show all posts
Thursday, September 22, 2016
Monday, September 12, 2016
Philippine Peso (PHP) Remains Weak against US Dollar (USD)
US Dollar (USD) is getting stronger against the Philippine Peso (PHP). As per technical of view there is a Emerging Bearish ABCD that is forming with Potential Reversal Zone (PRZ) at 47.88. Resistance is seen at 47.25 and support at 47.03.
RSI is approaching at trendline resistance.
RSI is approaching at trendline resistance.
Tuesday, June 7, 2016
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