Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)
Strong Downtrend (-100) - HKDPHP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDPHP continues to fall. 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.
MarketClub’s Trade Triangles for HKDPHP
The long-term trend has been DOWN since Dec 2nd, 2022 at 7.181032
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 6.941329
The short-term trend has been DOWN since Mar 10th, 2023 at 7.001344
Smart Scan Analysis for HKDPHP
Based on our trend formula, HKDPHP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).