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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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

Crossroads (-60) - CNHHKD is struggling to move into a solid trend. Beware of choppy markets 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
1.19645 1.19965 1.19615 1.19849 +0.00204
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term up The long-term trend has been UP since Jul 6th, 2020 at 1.10172

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2021 at 1.19499

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1.19733

Smart Scan Analysis for CNHHKD

Based on our trend formula, CNHHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.19645 1.19965 1.19615 1.19849 +0.00204
Prev. Close Volume Bid Ask Time
1.19645 2021-02-26 05:40:43
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