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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.

FOREX_CADHKD
Open High Low CADHKD Price Change
5.8440115 5.8468042 5.8421700 5.8462754 +0.0022640
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 5.8693664

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 5.9264195

short term down 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).

-90
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8440115 5.8468042 5.8421700 5.8462754 +0.0022640
Prev. Close Volume Bid Ask Time
5.8440115 5.8445574 5.8479934 2020-02-27 00:58:48
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