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Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Strong Uptrend (+100) - CNHHKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHHKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since May 10th, 2021 at 1.21119
The intermediate-term trend has been UP since Oct 15th, 2021 at 1.21092
The short-term trend has been UP since Oct 13th, 2021 at 1.20925
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.20851 | 1.21013 | 1.20824 | 1.21000 | +0.00149 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.20851 | 2021-10-18 07:41:41 |