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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Bear Market Rally (-75) - CNYHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYHKD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNYHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYHKD.
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 CNYHKD
The long-term trend has been DOWN since Apr 15th, 2024 at 1.0918679
The intermediate-term trend has been UP since May 1st, 2024 at 1.1073195
The short-term trend has been DOWN since May 1st, 2024 at 1.1002768
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1029962 | 1.1040835 | 1.0994397 | 1.1024039 | -0.0005920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1029962 | 2024-05-09 07:06:58 |