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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)

Bull Market Weakness (+75) - CNYHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYHKD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.1058150 1.1060265 1.1028722 1.1060265 +0.0002120
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Nov 14th, 2023 at 1.1043110

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 1.1034788

short term up The short-term trend has been UP since Apr 12th, 2024 at 1.1056033

Smart Scan Analysis for CNYHKD

Based on our trend formula, CNYHKD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1058150 1.1060265 1.1028722 1.1060265 +0.0002120
Prev. Close Volume Bid Ask Time
1.1058150 2024-04-13 20:57:55
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