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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.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.1429430 1.1444721 1.1362358 1.1400298 -0.0029130
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Jan 2nd, 2023 at 1.1350026

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 1.1484614

short term up 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).

+90
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1429430 1.1444721 1.1362358 1.1400298 -0.0029130
Prev. Close Volume Bid Ask Time
1.1429430 2023-03-20 18:33:30
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