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.
MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been UP since Aug 4th, 2020 at 1.1137190
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.1944685
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).