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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)

Strong Uptrend (+100) - CNYHKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYHKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CNYHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.1955520 1.1967973 1.1932104 1.1941834 -0.0013690
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term up The long-term trend has been UP since Aug 4th, 2020 at 1.1137190

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.1944685

short term up The short-term trend has been UP since Apr 19th, 2021 at 1.1931012

Smart Scan Analysis for CNYHKD

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

+100
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1955520 1.1967973 1.1932104 1.1941834 -0.0013690
Prev. Close Volume Bid Ask Time
1.1955520 2021-04-20 18:17:41
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