Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
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 Aug 4th, 2020 at 5.8200800
The intermediate-term trend has been UP since Nov 5th, 2020 at 5.9247443
The short-term trend has been UP since Nov 17th, 2020 at 5.9353661
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).