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Forex Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

Hong Kong Dollar/Chinese Yuan Renminbi Offshore (FOREX:HKDCNH)

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

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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.8200065 0.8205633 0.8193697 0.8203288 +0.0003220
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term down The long-term trend has been DOWN since May 7th, 2021 at 0.8255393

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.8257729

short term up The short-term trend has been UP since Nov 25th, 2021 at 0.8206210

Smart Scan Analysis for HKDCNH

Based on our trend formula, HKDCNH is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8200065 0.8205633 0.8193697 0.8203288 +0.0003220
Prev. Close Volume Bid Ask Time
0.8200065 2021-11-26 17:00:35
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