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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Bear Market Rally (-75) - CNYHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYHKD as it may be in the beginning of a reversal.
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 UP since Dec 25th, 2024 at 1.0660768
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0642046 | 1.0647389 | 1.0638541 | 1.0644113 | +0.0002070 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0642046 | 2024-12-26 10:57:39 |