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Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)
Long-Term Uptrend (+90) - HKDCNH is in a strong uptrend that is likely to continue. While HKDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HKDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNH.
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 HKDCNH
The long-term trend has been UP since Apr 19th, 2022 at 0.8201401
The intermediate-term trend has been UP since Aug 15th, 2022 at 0.8656629
The short-term trend has been UP since Aug 14th, 2022 at 0.8621010
Smart Scan Analysis for HKDCNH
Based on our trend formula, HKDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8698292 | 0.8723842 | 0.8687029 | 0.8711715 | +0.0013420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8698292 | 2022-08-19 16:12:31 |