Free Daily Analysis

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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.113070 1.113340 1.111950 1.112015 -0.001055
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term up The long-term trend has been UP since Dec 12th, 2019 at 1.12546

intermediate term down The intermediate-term trend has been DOWN since Jan 27th, 2020 at 1.11378

short term down 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).

-70
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.113070 1.113340 1.111950 1.112015 -0.001055
Prev. Close Volume Bid Ask Time
1.113070 1.111750 1.112280 2020-02-17 17:43:16
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Hong Kong Dollar (CNHHKD) - Request Your Free Report.