USD/PHP (PHP=X) Signs of Weakness, Correction to 52.00

USD/PHP (PHP=X) Signs of Weakness, Correction to 52.00

USD/PHP (PHP=X) Signs of Weakness, Correction to 52.00 The Philippine peso depreciated against the dollar on Thursday, tracking other regional currencies, as higher US Treasury yields buoyed the dollar. The local currency lost 10.5 centavos to close at P52.49:$1 from 52.385 on Wednesday. Overall, the bias in prices is: Sideways. By the way, prices are […]

USD/PHP (PHP=X) Taking Profits, Waiting for Re-Entry

USD/PHP (PHP=X) Taking Profits, Waiting for Re-Entry

USD/PHP (PHP=X) Taking Profits, Waiting for Re-Entry Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 51.98. The projected upper bound is: 52.78. The projected lower bound is: 51.90. The projected closing price is: 52.34. Candlesticks A black body occurred (because prices closed lower than they opened). […]