Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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.
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been UP since Mar 15th, 2020 at 0.9047130
The intermediate-term trend has been UP since Mar 12th, 2020 at 0.9041648
The short-term trend has been UP since Apr 6th, 2020 at 0.9169567
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).