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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)

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

Is it time to buy, sell, or avoid HKDPHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDPHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDPHP
Open High Low HKDPHP Price Change
6.992844 7.085909 6.982004 7.020265 +0.027421
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term down The long-term trend has been DOWN since Dec 2nd, 2022 at 7.181032

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2022 at 7.363694

short term up The short-term trend has been UP since Feb 6th, 2023 at 6.918352

Smart Scan Analysis for HKDPHP

Based on our trend formula, HKDPHP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.992844 7.085909 6.982004 7.020265 +0.027421
Prev. Close Volume Bid Ask Time
6.992844 2023-02-07 13:44:55
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