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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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

Strong Uptrend (+100) - CNHHKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHHKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
1.20851 1.21013 1.20824 1.21000 +0.00149
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term up The long-term trend has been UP since May 10th, 2021 at 1.21119

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 1.21092

short term up The short-term trend has been UP since Oct 13th, 2021 at 1.20925

Smart Scan Analysis for CNHHKD

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

+100
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.20851 1.21013 1.20824 1.21000 +0.00149
Prev. Close Volume Bid Ask Time
1.20851 2021-10-18 07:41:41
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