Free Daily Analysis

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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.8454538 0.8494334 0.8451699 0.8491767 +0.0037230
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term up The long-term trend has been UP since Aug 30th, 2020 at 0.8854080

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2020 at 0.8854080

short term up 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).

+80
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8454538 0.8494334 0.8451699 0.8491767 +0.0037230
Prev. Close Volume Bid Ask Time
0.8454538 2020-11-23 10:58:49
Get a free daily analysis and signals for Hong Kong Dollar/Chinese Yuan Renminbi Offshore (HKDCNH) - Request Your Free Report.