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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.9357807 0.9361757 0.9336108 0.9346238 -0.0011570
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term up The long-term trend has been UP since May 16th, 2023 at 0.8914152

intermediate term up The intermediate-term trend has been UP since Aug 8th, 2023 at 0.9267549

short term up The short-term trend has been UP since Oct 2nd, 2023 at 0.9346855

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).

+90
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9357807 0.9361757 0.9336108 0.9346238 -0.0011570
Prev. Close Volume Bid Ask Time
0.9357807 2023-10-03 16:06:17
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