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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.
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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 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).
| 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 |