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.
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been DOWN since Aug 4th, 2020 at 0.8978926
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.8274883
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).