Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Sidelines Mode (+50) - CNHPHP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNHPHP can gain momentum.
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 Apr 8th, 2024 at 7.73670
The short-term trend has been UP since Mar 27th, 2024 at 7.73225
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.79505 | 7.79505 | 7.79505 | 7.79505 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.79505 | 2024-04-08 22:37:45 |