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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)

Sidelines Mode (-55) - CNHHKD 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 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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.08717 1.09064 1.08682 1.09048 +0.00331
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Feb 19th, 2020 at 1.105260

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 1.103535

short term up The short-term trend has been UP since May 31st, 2020 at 1.087300

Smart Scan Analysis for CNHHKD

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

-55
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.08717 1.09064 1.08682 1.09048 +0.00331
Prev. Close Volume Bid Ask Time
1.08717 1.09028 1.09068 2020-06-02 05:42:40
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