USD/PHP Philippine Peso Forecast : 52

The chart is telling us that we will have a stronger peso this coming days and it is foretasted to go down to 52 level to complete the Potential Bullish Cypher Harmonic Pattern.

US Dollar Philippine Peso (USDPHP) - Forecast 55.00 to - 57.00

The US Dollar Philippine Peso (USDPHP) is forecasted to go up to 55 to 57 level for the completion of a Bearish Bat Harmonic Pattern.

Stronger Philippine Peso is expected over days ahead

Looks like the Philipppine Peso will be stronger on the coming days over the US Dollar. Technically USDPHP is toppish. USDPHP already reached the upper trenline of the Uptrend Channel and also making a lower high. There is already a divergence between the price and Relative Strenght Index.

Support levels are at 51.46, 51.12 and 50.78. Resistance is seen at 52.

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USD/PHP Potential Bearish Crab - Novemver 25, 2016

The Philippine Peso remains weak and did not respect the Potential Reversal Zone of of a Bearish Bat (Check Here for the post http://fibonaccitrader618.blogspot.com/2016/09/usdphp-potential-bearish-bat-september.html).

We might see the USD/PHP at 56 level to complete the Potential Bearish Crab.

USD/PHP Potential Bearish Bat - September 27, 2016

The Philippine Peso remains weak against the US Dollar. If USD/PHP breaks 48.35, the bulls might push this up to 49 for the completion of a Bearish Bat Harmonic Pattern.

USD/PHP and PSEi Inverse Relationship - September 24, 2016

If you look at the chart there is a inverse relationship between USD/PHP (Red line) and PSEi (Blue Line) or the Philippine Stock Exchange Index. The PSEi is going down while the USD/PHP is going up.

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.

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.