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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)

Crossroads (-60) - HKDPHP 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 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
7.429646 7.448538 7.419862 7.443134 +0.013488
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term up The long-term trend has been UP since Oct 23rd, 2024 at 7.533703

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2024 at 7.415909

short term down The short-term trend has been DOWN since Nov 27th, 2024 at 7.555092

Smart Scan Analysis for HKDPHP

Based on our trend formula, HKDPHP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.429646 7.448538 7.419862 7.443134 +0.013488
Prev. Close Volume Bid Ask Time
7.429646 2024-12-06 17:03:26
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