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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Long-Term Downtrend (-90) - CNYHKD is in a strong downtrend that is likely to continue. While CNYHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been DOWN since Nov 11th, 2024 at 1.0778804
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 1.0965931
The short-term trend has been DOWN since Nov 5th, 2024 at 1.0900304
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0748142 | 1.0751627 | 1.0740661 | 1.0746875 | -0.0001270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0748142 | 2024-11-20 03:26:24 |