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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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

Strong Downtrend (-100) - HKDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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
0.8228839 0.8229998 0.8211396 0.8214305 -0.0014530
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 Oct 11th, 2021 at 0.8274883

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.8268541

Smart Scan Analysis for HKDCNY

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

-100
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8228839 0.8229998 0.8211396 0.8214305 -0.0014530
Prev. Close Volume Bid Ask Time
0.8228839 2021-10-22 19:27:34
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