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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)

Crossroads (+60) - CNHPHP 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 CNHPHP?

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

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

FOREX_CNHPHP
Open High Low CNHPHP Price Change
7.5295 7.5305 7.2650 7.5305 +0.0010
Entry Signal

MarketClub’s Trade Triangles for CNHPHP

long term up The long-term trend has been UP since Sep 16th, 2020 at 7.1245

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2021 at 7.4119

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 7.5065

Smart Scan Analysis for CNHPHP

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

+60
Smart Scan Analysis for CNHPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.5295 7.5305 7.2650 7.5305 +0.0010
Prev. Close Volume Bid Ask Time
7.5295 2021-02-24 20:57:00
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