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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Countertrend Up (+85) - HKDCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.9396799 0.9397167 0.9394796 0.9395936 -0.0000860
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long-term trend has been UP since Nov 11th, 2024 at 0.9275201

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

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 0.9377172

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9396799 0.9397167 0.9394796 0.9395936 -0.0000860
Prev. Close Volume Bid Ask Time
0.9396799 2024-12-26 16:09:50
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