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Forex Trend Analysis Report
Prepared for you on Saturday, June 3, 2023.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Countertrend Down (-85) - CNHHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been DOWN since May 16th, 2023 at 1.121860
The intermediate-term trend has been DOWN since Apr 19th, 2023 at 1.136035
The short-term trend has been UP since Jun 2nd, 2023 at 1.105630
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.105485 | 1.108660 | 1.101925 | 1.102325 | -0.003160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.105485 | 2023-06-02 17:02:49 |