Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Crossroads (-60) - HKDCNY 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 HKDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been UP since May 14th, 2023 at 0.8886284
The intermediate-term trend has been DOWN since Aug 31st, 2023 at 0.9090333
The short-term trend has been DOWN since Sep 26th, 2023 at 0.9177643
Smart Scan Analysis for HKDCNY
Based on our trend formula, HKDCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).