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The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment -- meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
ILOILO CITY — The local government of Iloilo City will operate with a P3.083-billion budget for fiscal year 2022. This was after the Iloilo City Council approved unanimously Tuesday, December 7, the budget submitted by the office of Mayor Jerry Treñas. The P3.083-billion budget for 2022 is higher
If you're a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
This is a reversal of the price action on the previous hour, in which price moved down.