Showing posts with label Bearish ABCD. Show all posts
Showing posts with label Bearish ABCD. Show all posts

Thursday, September 22, 2016

Philippine Peso (PHP) Remains Weak against US Dollar (USD) - Update 1

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.

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.


Tuesday, June 7, 2016