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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.

FOREX_CNHPHP
Open High Low CNHPHP Price Change
7.7626 7.7626 7.7312 7.7312 -0.0314
Entry Signal

MarketClub’s Trade Triangles for CNHPHP

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 7.72715

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 7.70255

short term up 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).

-60
Smart Scan Analysis for CNHPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7626 7.7626 7.7312 7.7312 -0.0314
Prev. Close Volume Bid Ask Time
7.7626 2023-12-07 22:52:31
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