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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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.084955 1.086200 1.078720 1.079600 -0.005355
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term up The long-term trend has been UP since Aug 2nd, 2024 at 1.090020

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2024 at 1.093445

short term down 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).

-70
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways 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
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