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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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

Strong Downtrend (-100) - CNYHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.0864027 1.0873582 1.0853163 1.0859538 -0.0004490
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 1.1052496

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 1.0912768

short term down The short-term trend has been DOWN since May 22nd, 2020 at 1.0883784

Smart Scan Analysis for CNYHKD

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

-100
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0864027 1.0873582 1.0853163 1.0859538 -0.0004490
Prev. Close Volume Bid Ask Time
1.0864027 1.0858689 1.0860387 2020-05-25 04:51:18
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