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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Weak Downtrend (-65) - CADHKD is showing signs of a strengthening downtrend. Monitor CADHKD as it may be building momentum to the downside.

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

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

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

FOREX_CADHKD
Open High Low CADHKD Price Change
5.6950695 5.7144214 5.6894500 5.7126135 +0.0175440
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 5.7459400

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 5.7506292

short term down The short-term trend has been DOWN since May 7th, 2024 at 5.7024120

Smart Scan Analysis for CADHKD

Based on our trend formula, CADHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6950695 5.7144214 5.6894500 5.7126135 +0.0175440
Prev. Close Volume Bid Ask Time
5.6950695 2024-05-09 14:59:18
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