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.
MarketClub’s Trade Triangles for HKDPHP
The long-term trend has been DOWN since Nov 20th, 2023 at 7.014473
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 7.233436
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).