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Forex Trend Analysis Report

Prepared for you on Tuesday, September 22, 2020.

Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)

Sidelines Mode (+55) - CNHPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CNHPHP
Open High Low CNHPHP Price Change
7.13885 7.13885 7.12750 7.12750 -0.01135
Entry Signal

MarketClub’s Trade Triangles for CNHPHP

long term up The long-term trend has been UP since Sep 16th, 2020 at 7.1245

intermediate term up The intermediate-term trend has been UP since Sep 4th, 2020 at 7.0510

short term down The short-term trend has been DOWN since Sep 21st, 2020 at 7.1400

Smart Scan Analysis for CNHPHP

Based on our trend formula, CNHPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNHPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.13885 7.13885 7.12750 7.12750 -0.01135
Prev. Close Volume Bid Ask Time
7.13885 7.12700 7.12800 2020-09-21 18:14:12
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