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Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Sidelines Mode (+55) - CNHPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CNHPHP
The long-term trend has been UP since Sep 16th, 2020 at 7.1245
The intermediate-term trend has been UP since Nov 22nd, 2021 at 7.9139
The short-term trend has been DOWN since Dec 3rd, 2021 at 7.9155
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.89665 | 7.89665 | 7.89665 | 7.89665 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.89665 | 2021-12-07 16:56:14 |