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40x15y
17 de May. de 2019 18:08

USDPHP Weekly Analysis Largo

U.S. DOLLAR / PHILIPPINE PESOICE

Descripción

BSP announces rate cut last May 9 and multiple RRR cuts thereafter. USDPHP has spoken it wants to go up. Possibly 56 if the previous 8% to 9% runups are any indication.

Comentarios

Philequity Corner is bearish on the pair as of today.
Comentarios
thedza
Great analysis. Timing is terrible for me. I need to convert PHP to USD. I missed the sub 50 php a couple of weeks ago.
40x15y
@thedza, thanks. if it makes you feel better, I bought at 52.65 before it fell to 50.90.
thedza
@40x15y, misery loves company I guess lol. Here’s to the short-term downward trend continuing in the coming days!
michaeljohn.e.cruz
same view here sir :)
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