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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

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

Countertrend Up (+85) - CNYHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.1832859 1.1842394 1.1766512 1.1783207 -0.0049650
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Aug 4th, 2020 at 1.1137190

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2020 at 1.0952038

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 1.1768647

Smart Scan Analysis for CNYHKD

Based on our trend formula, CNYHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1832859 1.1842394 1.1766512 1.1783207 -0.0049650
Prev. Close Volume Bid Ask Time
1.1832859 2020-11-30 18:10:38
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