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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)

Bull Market Weakness (+75) - HKDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDCNY as it may be in the beginning stages of a reversal.

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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.9101378 0.9106030 0.9090073 0.9100355 -0.0001020
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term down The long-term trend has been DOWN since Nov 20th, 2023 at 0.9086166

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 0.9091745

short term up The short-term trend has been UP since May 16th, 2024 at 0.9092247

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9101378 0.9106030 0.9090073 0.9100355 -0.0001020
Prev. Close Volume Bid Ask Time
0.9101378 2024-05-25 12:37:56
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