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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi Offshore/Philippine Peso (FOREX:CNHPHP)
Long-Term Downtrend (-90) - CNHPHP is in a strong downtrend that is likely to continue. While CNHPHP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CNHPHP
The long-term trend has been DOWN since Jan 1st, 2025 at 7.888466
The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 7.930100
The short-term trend has been DOWN since Jan 30th, 2025 at 8.017159
Smart Scan Analysis for CNHPHP
Based on our trend formula, CNHPHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.976273 | 7.995528 | 7.953646 | 7.970298 | -0.005975 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.976273 | 2025-02-04 23:40:26 |