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Forex Trend Analysis Report
Prepared for you on Sunday, November 24, 2024.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
Strong Downtrend (-100) - CNYHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYHKD continues to fall. Traders should use caution and set stops.
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 Nov 11th, 2024 at 1.0778804
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 1.0965931
The short-term trend has been DOWN since Nov 22nd, 2024 at 1.0729525
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0746928 | 1.0746928 | 1.0746198 | 1.0746928 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0746928 | 2024-11-24 12:32:32 |