Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, September 8, 2024.
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, CNHPHP 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 Sep 8th, 2024 at 7.859914
The intermediate-term trend has been DOWN since Aug 8th, 2024 at 7.994165
The short-term trend has been DOWN since Sep 5th, 2024 at 7.923697
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.857012 | 7.857012 | 7.857012 | 7.857012 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.857012 | 2024-09-08 03:32:49 |