Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Crossroads (-60) - CNHPHP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNHPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHPHP
The long-term trend has been DOWN since Nov 6th, 2023 at 7.72715
The intermediate-term trend has been UP since Nov 21st, 2023 at 7.70255
The short-term trend has been UP since Nov 21st, 2023 at 7.70255
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).