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.
MarketClub’s Trade Triangles for HKDCNH
The long-term trend has been DOWN since May 7th, 2021 at 0.8255393
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.8257729
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).