US Dollar and Philippine Peso Analysis (Daily Chart) 11.13.2018
US Dollar and Philippine Peso Analysis (Daily Chart) 11.13.2018
Still an Uptrend. Price hit EMA 200 on 11/7, Bearish Candle, but followed by 2 Bullish Candle
Price just came from a major support level
Retracement already ended, Stochastic is almost on level (out of the oversold zone)
Generally a Healthy uptrend
Recommendations: BUY at 53.025 when market opens next week
SL: 52.056 Below the major resistance level
TP: 54.365 Previous swing high
Risk and Reward Ratio: 1:2
Still an Uptrend. Price hit EMA 200 on 11/7, Bearish Candle, but followed by 2 Bullish Candle
Price just came from a major support level
Retracement already ended, Stochastic is almost on level (out of the oversold zone)
Generally a Healthy uptrend
Recommendations: BUY at 53.025 when market opens next week
SL: 52.056 Below the major resistance level
TP: 54.365 Previous swing high
Risk and Reward Ratio: 1:2