US dollar to Philippine peso Signals and Price Predictions

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Start Trading USD/PHP
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eToro - Best Broker to Trade USD/PHP

USD/PHP is a currency pair with high volatility and a complex forecasting model. The Philippine peso can strengthen against the U.S. dollar by more than 25% within 2-3 years, and then devalue by 50% over the same period. The pair will be of particular interest to long-term investors, as its price chart shows long protracted trends in both directions, but it’s necessary to take into account the depth of corrections and swap costs. Correction can reach 3-5% in ​​1-2 months.

1

Recommendation for USD/PHP on the 15M timeframe is Strong Sell.

2

Recommendation for USD/PHP on the 1H timeframe is Strong Sell.

3

Recommendation for USD/PHP on the 1D timeframe is Buy.

For a long time, the Philippine economy was oriented at exports of agricultural products, which at different times accounted for 20-35% of total exports. Over the past 20 years, there have been significant changes in the structure of exports towards diversification. The share of agriculture has decreased significantly in favor of information technologies, manufacturing products, and the service sector.


In our article, you will be able to learn the latest price forecasts and signals on the USD/PHP currency exchange rate for 1 hour-1 week. USD/PHP forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

USD/PHP forecast for 1 day, 1 week, 1 month

USD/PHP forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out USD/PHP price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the USD/PHP for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Best Broker Recommended for Trading USD/PHP

Suitable for those who want to earn a profit from price fluctuations.

BUY TO HOLD
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Best Broker Recommended for Holding USD/PHP

Suitable for those who want to invest for the long term.

Indicator Based Technical Analysis of USD/PHP

To find a better entry point, also find out what TradingView technical analysis tool signals for the US Dollar to Philippine peso currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

USD/PHP Chart Online

What Influences USD/PHP Long-term Price Forecast

Key factors impacting the USD/PHP price:

  • Macroeconomic statistics. The statistics feature data on inflation, employment, GDP, etc. The unemployment level in the country does not exceed 4.5-6%, which is considered a good indicator. The maximum unemployment level of 17% was observed in 2020 during the pandemic. Curbing inflation is a positive factor for the strengthening of peso, but the risks of its growth remain;
  • Trading balance. The main trading partners of the Philippines are the U.S., China, Hong Kong, Australia, and Japan. The budget deficit of the country is relatively small, not exceeding 5% in some years, and even showing a surplus in others. Increase in the share of exports will affect the inflow of foreign currency into the country, increase in gold reserves, and the strengthening of peso.
  • Influence of geopolitical and natural factors. The Philippine economy is highly dependent on exports, as its domestic consumption is much less than its output. Pandemic, swine fever, and climatic factors are the reason for devaluation of peso .

Analysts note a relatively strong dependence of the Philippine economy on trade wars between the U.S. and China, since both are its main partners. High volatility will continue in the near future, as the Philippine peso is an exotic currency with a closed economy and limited access to macro statistics.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Will USD/PHP continue to rise?

The USD/PHP rate has a high volatility. Therefore, in certain periods on long-term time frames from H1-H4, both uptrends and downtrends can be observed on the chart.

What is the USD rate in the Philippines today?

The current price of the USD/PHP currency pair is PHP 57.06.

Why is PHP getting stronger?

The Philippines has a fairly strong economy, thus indicators of the balance of payments, inflation, and unemployment level are within limits. The ratio of external debt to GDP is high, but within acceptable limits (up to 60%). Stable partnerships with the U.S., China, Japan, and Australia contribute to the strengthening of the Philippine peso.

What strategies are suitable for trading USD/PHP?

The USD/PHP currency pair is suitable for high-risk strategies, such as scalping, swing trading on higher time intervals from H1, and long-term trend strategies.