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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Countertrend Down (-85) - CADHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
5.4080500 5.4102049 5.3924950 5.3954094 -0.0126410
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Oct 31st, 2024 at 5.5738800

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 5.7118700

short term up The short-term trend has been UP since Dec 24th, 2024 at 5.4224654

Smart Scan Analysis for CADHKD

Based on our trend formula, CADHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4080500 5.4102049 5.3924950 5.3954094 -0.0126410
Prev. Close Volume Bid Ask Time
5.4080500 2024-12-26 07:30:55
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