Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Bear Market Rally (-75) - CNHHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHHKD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNHHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been DOWN since Apr 19th, 2022 at 1.219300
The intermediate-term trend has been UP since Aug 10th, 2022 at 1.166230
The short-term trend has been DOWN since Aug 14th, 2022 at 1.160015
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).