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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Swiss Franc/Philippine Peso (FOREX:CHFPHP)

Sidelines Mode (+55) - CHFPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_CHFPHP
Open High Low CHFPHP Price Change
63.530693 63.557047 63.424854 63.547906 +0.017213
Entry Signal

MarketClub’s Trade Triangles for CHFPHP

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 62.912213

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 63.065978

short term down The short-term trend has been DOWN since May 16th, 2024 at 63.445304

Smart Scan Analysis for CHFPHP

Based on our trend formula, CHFPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CHFPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63.530693 63.557047 63.424854 63.547906 +0.017213
Prev. Close Volume Bid Ask Time
63.530693 2024-05-20 02:33:17
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