Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)

Sidelines Mode (+55) - CNYHKD 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 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.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.1102247 1.1109331 1.1073695 1.1077887 -0.0024360
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Nov 14th, 2023 at 1.1043110

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 1.1120542

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 1.1139405

Smart Scan Analysis for CNYHKD

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

+55
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1102247 1.1109331 1.1073695 1.1077887 -0.0024360
Prev. Close Volume Bid Ask Time
1.1102247 2024-03-19 04:54:56
Get a free daily analysis and signals for Chinese Yuan Renminbi/Hong Kong Dollar (CNYHKD) - Request Your Free Report.