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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.

FOREX_CNHHKD
Open High Low CNHHKD Price Change
1.164045 1.165350 1.162205 1.163350 -0.000695
Entry Signal

MarketClub’s Trade Triangles for CNHHKD

long term down The long-term trend has been DOWN since Apr 19th, 2022 at 1.219300

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 1.166230

short term up 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).

+60
Smart Scan Analysis for CNHHKD
Strong Downtrend Sideways 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
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