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.
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been UP since Apr 21st, 2022 at 0.8187148
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.8592013
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).