Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Countertrend Up (+85) - CNHPHP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Oct 24th, 2024 at 8.158392
The intermediate-term trend has been UP since Sep 24th, 2024 at 7.971381
The short-term trend has been UP since Nov 19th, 2024 at 8.129944
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.133561 | 8.142091 | 8.126217 | 8.141346 | +0.007785 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.133561 | 2024-11-20 03:17:58 |