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Forex Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Bear Market Rally (-75) - HKDCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDCNY as it may be in the beginning 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.
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MarketClub’s Trade Triangles for HKDCNY
The long-term trend has been DOWN since Nov 20th, 2023 at 0.9086166
The intermediate-term trend has been DOWN since Apr 8th, 2024 at 0.9040008
The short-term trend has been DOWN since Apr 26th, 2024 at 0.9050663
Smart Scan Analysis for HKDCNY
Based on our trend formula, HKDCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9064707 | 0.9086185 | 0.9036506 | 0.9066950 | +0.0002240 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9064707 | 2024-04-27 20:57:50 |