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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.
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MarketClub’s Trade Triangles for HKDCNH
The long-term trend has been UP since May 16th, 2023 at 0.8914152
The intermediate-term trend has been UP since Aug 8th, 2023 at 0.9267549
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).
| 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 |