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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

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

Countertrend Down (-85) - HKDCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.848543 0.848543 0.848543 0.848543 0.000000
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term down The long-term trend has been DOWN since Aug 4th, 2020 at 0.8978926

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2020 at 0.9131741

short term up The short-term trend has been UP since Nov 24th, 2020 at 0.8501634

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.848543 0.848543 0.848543 0.848543 0.000000
Prev. Close Volume Bid Ask Time
0.848543 2020-11-29 12:25:34
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