Forex Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
Bull Market Weakness (+75) - CNHHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHHKD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNHHKD
The long-term trend has been DOWN since Apr 1st, 2021 at 1.18088
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.19199
The short-term trend has been UP since Apr 13th, 2021 at 1.18762
Smart Scan Analysis for CNHHKD
Based on our trend formula, CNHHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).