Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)

Long-Term Downtrend (-90) - HKDPHP is in a strong downtrend that is likely to continue. While HKDPHP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HKDPHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDPHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDPHP
Open High Low HKDPHP Price Change
7.099081 7.114807 7.092141 7.103047 +0.003966
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term down The long-term trend has been DOWN since Nov 20th, 2023 at 7.014473

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 7.233436

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 7.099749

Smart Scan Analysis for HKDPHP

Based on our trend formula, HKDPHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.099081 7.114807 7.092141 7.103047 +0.003966
Prev. Close Volume Bid Ask Time
7.099081 2023-11-29 02:44:56
Get a free daily analysis and signals for Hong Kong Dollar/Philippine Peso (HKDPHP) - Request Your Free Report.