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.
MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been UP since Aug 4th, 2020 at 1.1137190
The intermediate-term trend has been UP since Jun 7th, 2020 at 1.0952038
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).