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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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

Long-Term Uptrend (+90) - HKDCNH is in a strong uptrend that is likely to continue. While HKDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.9330068 0.9348667 0.9328834 0.9337019 +0.0006950
Entry Signal

MarketClub’s Trade Triangles for HKDCNH

long term up The long-term trend has been UP since Mar 27th, 2024 at 0.9250894

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 0.9285073

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.9314315

Smart Scan Analysis for HKDCNH

Based on our trend formula, HKDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for HKDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9330068 0.9348667 0.9328834 0.9337019 +0.0006950
Prev. Close Volume Bid Ask Time
0.9330068 2024-06-20 22:29:51
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