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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Uptrend (+65) - HKDCNY is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.9283475 0.9293837 0.9279552 0.9287466 +0.0003990
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long-term trend has been UP since Jun 5th, 2024 at 0.9133055

intermediate term up The intermediate-term trend has been UP since Jul 22nd, 2024 at 0.9317105

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.9307447

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9283475 0.9293837 0.9279552 0.9287466 +0.0003990
Prev. Close Volume Bid Ask Time
0.9283475 2024-07-26 19:57:55
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