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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Countertrend Down (-85) - CNHHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been DOWN since Nov 11th, 2024 at 1.076825
The intermediate-term trend has been DOWN since Oct 6th, 2024 at 1.093445
The short-term trend has been UP since Nov 18th, 2024 at 1.076635
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.074595 | 1.074800 | 1.074145 | 1.074360 | -0.000235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.074595 | 2024-11-20 03:47:42 |