Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)

Bear Market Rally (-75) - CNHHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHHKD as it may be in the beginning 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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.08657 1.08773 1.08395 1.08676 +0.00019
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Feb 19th, 2020 at 1.105260

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 1.103535

short term up The short-term trend has been UP since May 31st, 2020 at 1.087300

Smart Scan Analysis for CNHHKD

Based on our trend formula, CNHHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.08657 1.08773 1.08395 1.08676 +0.00019
Prev. Close Volume Bid Ask Time
1.08657 1.08656 1.08696 2020-06-01 13:25:10
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Hong Kong Dollar (CNHHKD) - Request Your Free Report.