Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Strong Downtrend (-100) - CNHPHP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CNHPHP
The long-term trend has been DOWN since Mar 20th, 2020 at 7.21015
The intermediate-term trend has been DOWN since Apr 29th, 2020 at 7.14300
The short-term trend has been DOWN since May 26th, 2020 at 7.09630
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).