Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)
Countertrend Up (+85) - HKDCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for HKDCNH
The long-term trend has been UP since Aug 30th, 2020 at 0.8854080
The intermediate-term trend has been UP since Aug 30th, 2020 at 0.8854080
The short-term trend has been UP since Nov 19th, 2020 at 0.8496634
Smart Scan Analysis for HKDCNH
Based on our trend formula, HKDCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).