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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

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

Weak Downtrend (-65) - CNYHKD is showing signs of a strengthening downtrend. Monitor CNYHKD as it may be building momentum to the downside.

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
1.1697736 1.1743453 1.1680864 1.1709429 +0.0011690
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term down The long-term trend has been DOWN since Apr 21st, 2022 at 1.2177183

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 1.1624562

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 1.1705232

Smart Scan Analysis for CNYHKD

Based on our trend formula, CNYHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1697736 1.1743453 1.1680864 1.1709429 +0.0011690
Prev. Close Volume Bid Ask Time
1.1709429 2022-07-01 19:47:29
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