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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

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

Strong Uptrend (+100) - HKDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.8608681 0.8613140 0.8605556 0.8613140 +0.0004460
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long-term trend has been UP since Apr 21st, 2022 at 0.8187148

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.8592013

short term up The short-term trend has been UP since Aug 8th, 2022 at 0.8614224

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
0.8608681 0.8613140 0.8605556 0.8613140 +0.0004460
Prev. Close Volume Bid Ask Time
0.8608681 2022-08-10 05:04:23
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