Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)
Long-Term Downtrend (-90) - CADHKD is in a strong downtrend that is likely to continue. While CADHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jan 31st, 2020 at 5.8693664
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 5.9264195
The short-term trend has been DOWN since Feb 24th, 2020 at 5.8632100
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).