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.
MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been UP since Jul 6th, 2020 at 1.10172
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 1.19499
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).