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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

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.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.2023353 1.2035875 1.2001090 1.2009440 -0.0013910
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 up The short-term trend has been UP since Feb 22nd, 2021 at 1.2030189

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).

+90
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2023353 1.2035875 1.2001090 1.2009440 -0.0013910
Prev. Close Volume Bid Ask Time
1.2023353 2021-02-25 11:46:31
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