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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.9261395 0.9275427 0.9258975 0.9270000 +0.0008610
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

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

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 0.9226189

short term up The short-term trend has been UP since Apr 10th, 2024 at 0.9266898

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
0.9261395 0.9275427 0.9258975 0.9270000 +0.0008610
Prev. Close Volume Bid Ask Time
0.9261395 2024-04-12 09:50:05
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