Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Philippine Peso/Hong Kong Dollar (FOREX:PHPHKD)

Crossroads (+60) - PHPHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid PHPHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for PHPHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	PHPHKD Price	Change
0.13623054	0.13634921	0.13611556	0.13625371	+0.00002300
Entry Signal

MarketClub’s Trade Triangles for PHPHKD

The long-term trend has been UP since Mar 8th, 2024 at 0.14197034

The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.13698344

The short-term trend has been DOWN since May 8th, 2024 at 0.13613081

Smart Scan Analysis for PHPHKD

Based on our trend formula, PHPHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.13623054	0.13634921	0.13611556	0.13625371	+0.00002300
Prev. Close	Volume	Bid	Ask	Time
0.13623054				2024-05-09 02:28:44

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