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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)
Sidelines Mode (-55) - HKDCNH 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 HKDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNH.
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 HKDCNH
The long-term trend has been UP since Mar 27th, 2024 at 0.9250894
The intermediate-term trend has been DOWN since May 2nd, 2024 at 0.9239606
The short-term trend has been UP since May 7th, 2024 at 0.9243114
Smart Scan Analysis for HKDCNH
Based on our trend formula, HKDCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9248121 | 0.9256515 | 0.9244251 | 0.9246259 | -0.0001860 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9248121 | 2024-05-09 09:51:15 |