Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Crossroads (+60) - HKDCNY 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 HKDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been DOWN since Nov 20th, 2023 at 0.9086166
The intermediate-term trend has been UP since May 7th, 2024 at 0.9091745
The short-term trend has been UP since May 7th, 2024 at 0.9085209
Smart Scan Analysis for HKDCNY
Based on our trend formula, HKDCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9089865 | 0.9095578 | 0.9058692 | 0.9068202 | -0.0021660 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9089865 | 2024-05-09 04:02:06 |