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Forex Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Sidelines Mode (-55) - CNYHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Mar 19th, 2024 at 1.1034788
The short-term trend has been UP since Apr 26th, 2024 at 1.1061799
Smart Scan Analysis for CNYHKD
Based on our trend formula, CNYHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1037243 | 1.1065045 | 1.1024456 | 1.1041332 | +0.0004090 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1037243 | 2024-04-26 19:57:39 |