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Forex Trend Analysis Report
Prepared for you on Sunday, April 20, 2025.
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 UP since Apr 14th, 2025 at 1.0885542
The intermediate-term trend has been UP since Apr 14th, 2025 at 1.0753132
The short-term trend has been DOWN since Apr 15th, 2025 at 1.0563950
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 |
|---|---|---|---|---|
| 1.0634932 | 1.0651583 | 1.0632255 | 1.0634932 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0634932 | 2025-04-20 16:42:55 |