Trend #2.
Our very own currency (USD/PHP), remains to be downtrending vs the USD. 2 possible trends below since 2009 shows that both are in long term downtrend.
The overall movement of USD /PHP are mainly due to:
1. If the Philippine Index / Economy grows, USD/PHP goes down as we compete good with other Countries throughout the globe.
2. Other good indication is that. If U.S. Stocks/Index like DOW,S&P and NASDAQ are at the highs, our USD/PHP is very low, example was at 2008 U.S. Peak, Dollar/Peso almost hit 39.00
Now that some suggest Philippines and U.S. is in Bull Market since 2009, 2 graphs show that certainly, USD/PHP is in long term Downtrend.
TradableRange is currently 42-45. May see 39,00ish if U.S. get back to 14000 (its all time high for Dow Jones) and may see 46-50ish if U.S. gets back to 7000 (Dow Jones 2009 Low)
Equities (UPTREND) = USD/PHP (Downtrend)
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