Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)
Long-Term Uptrend (+90) - CADHKD is in a strong uptrend that is likely to continue. While CADHKD 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 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.
MarketClub’s Trade Triangles for CADHKD
The long-term trend has been UP since Oct 19th, 2021 at 6.3147176
The intermediate-term trend has been UP since Oct 4th, 2021 at 6.1796121
The short-term trend has been UP since Oct 3rd, 2021 at 6.1659043
Smart Scan Analysis for CADHKD
Based on our trend formula, CADHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).