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Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Crossroads (+60) - CNHHKD 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 CNHHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHHKD.
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 CNHHKD
The long-term trend has been DOWN since Apr 19th, 2022 at 1.219300
The intermediate-term trend has been UP since Aug 10th, 2022 at 1.166230
The short-term trend has been UP since Aug 10th, 2022 at 1.162385
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.164045 | 1.165350 | 1.162205 | 1.163350 | -0.000695 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.164045 | 2022-08-12 17:57:53 |