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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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.157920 1.158215 1.157740 1.157850 -0.000070
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Apr 19th, 2022 at 1.219300

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 1.166230

short term down 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).

-75
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.157920 1.158215 1.157740 1.157850 -0.000070
Prev. Close Volume Bid Ask Time
1.157920 2022-08-15 00:51:19
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