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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 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.
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MarketClub’s Trade Triangles for HKDPHP
The long-term trend has been DOWN since Mar 8th, 2024 at 7.048641
The intermediate-term trend has been UP since Mar 19th, 2024 at 7.300308
The short-term trend has been DOWN since Apr 23rd, 2024 at 7.314771
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.325275 | 7.332410 | 7.324249 | 7.331018 | +0.005743 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.325275 | 2024-04-24 02:32:54 |