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Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Sidelines Mode (-55) - CNYHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 24th, 2024 at 1.1089721
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 1.0965931
The short-term trend has been UP since Oct 7th, 2024 at 1.1071164
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0985157 | 1.0986321 | 1.0960399 | 1.0960760 | -0.0024400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0985157 | 2024-10-14 07:23:17 |