ADMIN PERMISSION PO: Kindly see below Daily Chart of USDPHP as of January 17,2014. This is to assist and to increase your awareness in how to strategically manage your hard earned US Dollar. Through this chart we can minimize our foreign exchange risk by being aware when to buy. hold or sell your dollar. Disclosure: Information should not be considered as an offer or enticement to buy, sell or trade. Trade at your own risk TREND NOTE: (Its FRIED DAY Syndrome. USDPHP -P45.0761 slightly close below yesterday closing price. Possible reason for decline was because of Weekly traders taking their profits and to avoid also overnights interest charges in holding the currency during Sat and Sun. Still maintaining STRONG UPTREND for short term trend unless it breakdown/close below 44.72 support price. This is based on the past 10 days chart price actions ) Short term trend - STRONG UPTREND trading above the 10 SMA line Medium term trend - UPTREND trading above the 50 SMA line Long term trend - UPTREND trading above the 200 SMA line
Posted on: Sat, 18 Jan 2014 03:07:02 +0000
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