Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Crossroads (-60) - HKDCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	HKDCNH Price	Change
0.9291538	0.9309582	0.9286014	0.9307794	+0.0016260
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

The long-term trend has been UP since Mar 27th, 2024 at 0.9250894

The intermediate-term trend has been DOWN since Jul 19th, 2024 at 0.9296383

The short-term trend has been DOWN since Jul 25th, 2024 at 0.9299554

Smart Scan Analysis for HKDCNH

Based on our trend formula, HKDCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.9291538	0.9309582	0.9286014	0.9307794	+0.0016260
Prev. Close	Volume	Bid	Ask	Time
0.9291538				2024-07-26 17:00:03

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