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Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 2024.

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

Crossroads (+60) - HKDCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.9153764 0.9168225 0.9153764 0.9165118 +0.0011350
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term down The long-term trend has been DOWN since Sep 19th, 2024 at 0.9068565

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.9112070

short term up The short-term trend has been UP since Sep 30th, 2024 at 0.9027015

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9153764 0.9168225 0.9153764 0.9165118 +0.0011350
Prev. Close Volume Bid Ask Time
0.9153764 2024-10-15 19:06:05
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