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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Long-Term Uptrend (+90) - CNHPHP is in a strong uptrend that is likely to continue. While CNHPHP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNHPHP
The long-term trend has been UP since May 23rd, 2024 at 7.955600
The intermediate-term trend has been UP since Jul 21st, 2024 at 8.060249
The short-term trend has been UP since Jul 21st, 2024 at 8.031202
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.055737 | 8.062994 | 8.041106 | 8.043929 | -0.011808 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.055737 | 2024-07-26 19:39:07 |