Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

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

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.10632 1.10725 1.09976 1.10065 -0.00567
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long term trend has been DOWN since May 5th, 2019 at 1.15255

intermediate term down The intermediate term trend has been DOWN since Aug 1st, 2019 at 1.13005

short term up The short term trend has been UP since Sep 20th, 2019 at 1.10720

Smart Scan Analysis for CNHHKD

Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.10632 1.10725 1.09976 1.10065 -0.00567
Prev. Close Volume Bid Ask Time
1.10632 1.10013 1.10117 2019-09-20 17:43:26
Want to analyze Chinese Yuan Renminbi Offshore/Hong Kong Dollar CNHHKD or another symbol? Try our Free Forex Trend Analysis Report.