Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, February 22, 2025.

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

Sidelines Mode (+55) - HKDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.9318373 0.9342709 0.9309189 0.9335590 +0.0017220
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term up The long-term trend has been UP since Nov 11th, 2024 at 0.9287254

intermediate term up The intermediate-term trend has been UP since Feb 2nd, 2025 at 0.9455786

short term down The short-term trend has been DOWN since Feb 20th, 2025 at 0.9310544

Smart Scan Analysis for HKDCNH

Based on our trend formula, HKDCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9318373 0.9342709 0.9309189 0.9335590 +0.0017220
Prev. Close Volume Bid Ask Time
0.9335650 2025-02-21 17:03:24
Get a free daily analysis and signals for Hong Kong Dollar/Chinese Yuan Renminbi Offshore (HKDCNH) - Request Your Free Report.