Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Nov 11th, 2024 at 0.9287254
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.9155422
The short-term trend has been DOWN since Nov 18th, 2024 at 0.9285535
Smart Scan Analysis for HKDCNH
Based on our trend formula, HKDCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9306125 | 0.9310249 | 0.9303200 | 0.9306617 | +0.0000490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9306125 | 2024-11-20 03:45:06 |