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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Hong Kong Dollar/Philippine Peso (FOREX:HKDPHP)

Sidelines Mode (+55) - HKDPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
7.468247 7.478608 7.467552 7.478254 +0.010007
Entry Signal

MarketClub’s Trade Triangles for HKDPHP

long term up The long-term trend has been UP since May 13th, 2024 at 7.413754

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2024 at 7.476637

short term up The short-term trend has been UP since Jul 21st, 2024 at 7.484113

Smart Scan Analysis for HKDPHP

Based on our trend formula, HKDPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.468247 7.478608 7.467552 7.478254 +0.010007
Prev. Close Volume Bid Ask Time
7.468247 2024-07-23 02:20:43
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