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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.

FOREX_HKDPHP
Open High Low HKDPHP Price Change
6.937640 6.941911 6.904239 6.911380 -0.026260
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term down The long-term trend has been DOWN since Dec 2nd, 2022 at 7.181032

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2023 at 6.941329

short term down 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).

-100
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.937640 6.941911 6.904239 6.911380 -0.026260
Prev. Close Volume Bid Ask Time
6.937640 2023-03-21 09:26:11
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