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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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.19445 1.19568 1.19415 1.19508 +0.00063
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 1.18088

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.19199

short term up 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).

+70
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.19445 1.19568 1.19415 1.19508 +0.00063
Prev. Close Volume Bid Ask Time
1.19445 2021-04-21 04:47:48
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