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.
MarketClub’s Trade Triangles for HKDCNH
The long-term trend has been DOWN since May 7th, 2021 at 0.8255393
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.8257729
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).