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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)

Countertrend Up (+85) - HKDPHP 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 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
6.6008359 6.6054186 6.5794763 6.5805577 -0.0202780
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term up The long-term trend has been UP since Dec 28th, 2021 at 6.4952357

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2021 at 6.4766492

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 6.5694133

Smart Scan Analysis for HKDPHP

Based on our trend formula, HKDPHP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6008359 6.6054186 6.5794763 6.5805577 -0.0202780
Prev. Close Volume Bid Ask Time
6.6008359 2022-01-21 17:04:04
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