Posts Tagged ‘USD-PHP Outlook’
The PHP has been consolidating since the last time we wrote about it. Earlier, we thought that given the recent trend, it was very possible that the peso was going to return to the 52 peso level.
As it happened recently, the peso has proven us wrong. Given the neutral nature of the symmetrical triangle formation, [...]
It has been some time since I last wrote about the USD-PHP. Since October 2008, it has been going sideways up to the present.
But what is clear is that from an uptrend, a symmetrical triangle is forming. Therefore, I am assuming that after the current consolidation, the ascent will continue.
Should the USD breach the 49 [...]
After seeing a bearish outside day, the USD has performed as expected. We expected the uptrend of the USD to be broken and correct to lower levels. But how low can it go?
The first thing that contributed to the correction was, as we said earlier, the bearish outside day. The second thing that we can [...]