Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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
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.
MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been UP since Dec 12th, 2019 at 1.12546
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 1.11378
The short-term trend has been DOWN since Feb 14th, 2020 at 1.11102
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).