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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Bear Market Rally (-75) - CNHPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHPHP as it may be in the beginning of a reversal.
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 DOWN since Oct 20th, 2022 at 8.13155
The intermediate-term trend has been DOWN since Jan 18th, 2023 at 8.07855
The short-term trend has been UP since Mar 13th, 2023 at 7.92065
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.9702 | 7.9702 | 7.9702 | 7.9702 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.9702 | 2023-03-15 16:17:27 |