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.
MarketClub’s Trade Triangles for CNYHKD
The long-term trend has been DOWN since Apr 21st, 2022 at 1.2177183
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 1.1624562
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).