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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.

FOREX_CADHKD
Open High Low CADHKD Price Change
6.3222630 6.3230035 6.2982250 6.3035750 -0.0186880
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term up The long-term trend has been UP since Oct 19th, 2021 at 6.3147176

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 6.1796121

short term up 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).

+90
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3222630 6.3230035 6.2982250 6.3035750 -0.0186880
Prev. Close Volume Bid Ask Time
6.3222630 2021-10-21 07:57:11
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