Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNHPHP
The long term trend has been UP since Jan 6th, 2020 at 7.30225
The intermediate term trend has been DOWN since Feb 4th, 2020 at 7.27600
The short term trend has been DOWN since Feb 4th, 2020 at 7.27600
Smart Scan Analysis for CNHPHP
Based on a pre-defined weighted trend formula for chart analysis, CNHPHP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).