Forex Trend Analysis Report
Prepared for you on Saturday, November 9, 2024.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Weak Downtrend (-65) - CNHHKD is showing signs of a strengthening downtrend. Monitor CNHHKD as it may be building momentum to the downside.
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 Aug 2nd, 2024 at 1.090020
The intermediate-term trend has been DOWN since Oct 6th, 2024 at 1.093445
The short-term trend has been DOWN since Nov 5th, 2024 at 1.089325
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.084955 | 1.086200 | 1.078720 | 1.079600 | -0.005355 |
Prev. Close | Volume | Bid | Ask | Time |
1.084955 | 2024-11-08 17:00:59 |