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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.

FOREX_CADHKD
Open High Low CADHKD Price Change
6.0268986 6.0333293 6.0244194 6.0274650 +0.0005660
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term up The long-term trend has been UP since Aug 4th, 2020 at 5.8200800

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 5.9247443

short term up 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).

+90
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.0268986 6.0333293 6.0244194 6.0274650 +0.0005660
Prev. Close Volume Bid Ask Time
6.0268986 2020-12-04 03:18:27
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