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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Long-Term Uptrend (+90) - HKDCNY is in a strong uptrend that is likely to continue. While HKDCNY 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 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.
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MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been UP since Nov 11th, 2024 at 0.9275201
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.9112070
The short-term trend has been UP since Dec 13th, 2024 at 0.9359662
Smart Scan Analysis for HKDCNY
Based on our trend formula, HKDCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9383472 | 0.9383472 | 0.9377172 | 0.9383472 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9383472 | 2024-12-21 07:02:34 |