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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)

Strong Downtrend (-100) - HKDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.8205430 0.8217187 0.8200232 0.8210739 +0.0005310
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term down The long-term trend has been DOWN since May 7th, 2021 at 0.8255393

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.8257729

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 0.8270900

Smart Scan Analysis for HKDCNH

Based on our trend formula, HKDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8205430 0.8217187 0.8200232 0.8210739 +0.0005310
Prev. Close Volume Bid Ask Time
0.8205430 2021-10-25 15:34:36
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