Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)
Sidelines Mode (-55) - CADHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 12th, 2020 at 5.5684232
The short-term trend has been DOWN since May 22nd, 2020 at 5.5359475
Smart Scan Analysis for CADHKD
Based on our trend formula, CADHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).