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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)
Bear Market Rally (-75) - HKDCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDCNH as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HKDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNH.
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 HKDCNH
The long-term trend has been DOWN since Jan 1st, 2023 at 0.8854490
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.8744197
The short-term trend has been UP since Mar 27th, 2023 at 0.8769973
Smart Scan Analysis for HKDCNH
Based on our trend formula, HKDCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8766727 | 0.8771556 | 0.8762772 | 0.8765843 | -0.0000880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8766727 | 2023-03-28 02:28:32 |