Chart USD/PHP Update: Trading towards the lower end of daily triangle |
|
Published at 06:05 (GMT) 26 Nov Intraday trade extending the decline from the topside of 1-1/2 month triangle with focus still at the support line and need to see further push below 46.540 to trigger another round of strong selling. Failure to clear the latter will trigger a rebound and expose wider consolidation. R5: 47.30
Filed under: Technical
Latest Posts
- 35pips USDCAD Mission Accomplished
- Currency Majors Technical Analysis
- Carry trades outperformed on better global sentiment
- ECB may delay its stimulus exit amid concerns on Greece’s deficit
- FX Thoughts for the Day
- Risk appetite firms on potential policy measures by the ECB to limit contagion from the Greek crisis
- The Magic Of Compound Interest
- Euro climbs heavily on bright outlook of European deficit
- Global Forex Outlook 2010
- On Monday, US and German bond markets had a quiet trading session
- 7 rules For Choosing A Forex Broker
- Trichet Leaves Sydney Early
- EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
- Crude Oil Daily Technical Outlook
- Gold nearly steady above 1060 $/oz