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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)

Sidelines Mode (+55) - HKDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HKDCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.9286217 0.9286217 0.9286217 0.9286217 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long-term trend has been UP since Jun 5th, 2024 at 0.9133055

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 0.9091745

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 0.9304984

Smart Scan Analysis for HKDCNY

Based on our trend formula, HKDCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9286217 0.9286217 0.9286217 0.9286217 0.0000000
Prev. Close Volume Bid Ask Time
0.9286217 2024-07-14 06:59:37
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