Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Bull Market Weakness (+75) - HKDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been DOWN since Aug 4th, 2020 at 0.8978926
The intermediate-term trend has been UP since Feb 18th, 2021 at 0.8370170
The short-term trend has been UP since Mar 4th, 2021 at 0.8348084
Smart Scan Analysis for HKDCNY
Based on our trend formula, HKDCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).