Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Long-Term Uptrend (+90) - CNYHKD is in a strong uptrend that is likely to continue. While CNYHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been UP since Jan 2nd, 2023 at 1.1350026
The intermediate-term trend has been UP since Mar 17th, 2023 at 1.1484614
The short-term trend has been UP since Mar 17th, 2023 at 1.1442262
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).