Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)
Strong Uptrend (+100) - HKDCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Feb 25th, 2021 at 0.8368463
The short-term trend has been UP since Mar 4th, 2021 at 0.8357782
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).