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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)

Weak Downtrend (-65) - CNYHKD is showing signs of a strengthening downtrend. Monitor CNYHKD as it may be building momentum to the downside.

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
1.1040537 1.1061799 1.1019298 1.1033744 -0.0006790
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 1.0918679

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 1.1034788

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 1.1019352

Smart Scan Analysis for CNYHKD

Based on our trend formula, CNYHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1040537 1.1061799 1.1019298 1.1033744 -0.0006790
Prev. Close Volume Bid Ask Time
1.1040537 2024-04-23 14:47:18
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