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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2024.

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

Sidelines Mode (-55) - CNYHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.0985157 1.0986321 1.0960399 1.0960760 -0.0024400
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Sep 24th, 2024 at 1.1089721

intermediate term down The intermediate-term trend has been DOWN since Oct 10th, 2024 at 1.0965931

short term up The short-term trend has been UP since Oct 7th, 2024 at 1.1071164

Smart Scan Analysis for CNYHKD

Based on our trend formula, CNYHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0985157 1.0986321 1.0960399 1.0960760 -0.0024400
Prev. Close Volume Bid Ask Time
1.0985157 2024-10-14 07:23:17
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