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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Crossroads (+60) - CNYHKD 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 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.
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MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been DOWN since Apr 15th, 2024 at 1.0918679
The intermediate-term trend has been UP since Jul 16th, 2024 at 1.0774777
The short-term trend has been UP since Jul 24th, 2024 at 1.0749083
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0771844 | 1.0778604 | 1.0758244 | 1.0767199 | -0.0004640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0771844 | 2024-07-26 19:34:12 |