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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Weak Downtrend (-65) - CNHPHP is showing signs of a strengthening downtrend. Monitor CNHPHP as it may be building momentum to the downside.

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
7.942430 7.945767 7.930845 7.935454 -0.006976
Entry Signal

MarketClub’s Trade Triangles for CNHPHP

long term up The long-term trend has been UP since Oct 24th, 2024 at 8.158392

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2024 at 8.085317

short term down The short-term trend has been DOWN since Dec 19th, 2024 at 8.040322

Smart Scan Analysis for CNHPHP

Based on our trend formula, CNHPHP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.942430 7.945767 7.930845 7.935454 -0.006976
Prev. Close Volume Bid Ask Time
7.942430 2024-12-26 07:52:06
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