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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

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

Weak Uptrend (+65) - HKDCNH is showing signs of weakening momentum to the upside. Monitor HKDCNH as it may be in the beginning stages 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.

FOREX_HKDCNH
Open High Low HKDCNH Price Change
0.9360786 0.9360959 0.9333765 0.9344070 -0.0016720
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term up The long-term trend has been UP since Nov 11th, 2024 at 0.9287254

intermediate term up The intermediate-term trend has been UP since Feb 2nd, 2025 at 0.9455786

short term down The short-term trend has been DOWN since Feb 5th, 2025 at 0.9342188

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
0.9360786 0.9360959 0.9333765 0.9344070 -0.0016720
Prev. Close Volume Bid Ask Time
0.9360786 2025-02-05 06:55:01
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