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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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

Long-Term Downtrend (-90) - CNHHKD is in a strong downtrend that is likely to continue. While CNHHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.075900 1.076645 1.075685 1.075790 -0.000110
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 1.080880

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2024 at 1.077055

short term down The short-term trend has been DOWN since May 19th, 2024 at 1.078205

Smart Scan Analysis for CNHHKD

Based on our trend formula, CNHHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.075900 1.076645 1.075685 1.075790 -0.000110
Prev. Close Volume Bid Ask Time
1.075900 2024-05-24 16:58:18
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