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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been UP since Nov 11th, 2024 at 0.9275201
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.9112070
The short-term trend has been UP since Nov 5th, 2024 at 0.9168258
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9304558 | 0.9307149 | 0.9303291 | 0.9305670 | +0.0001110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9304558 | 2024-11-20 03:44:54 |