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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
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.
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MarketClub’s Trade Triangles for CADHKD
The long-term trend has been DOWN since Oct 31st, 2024 at 5.5738800
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 5.7118700
The short-term trend has been DOWN since Dec 6th, 2024 at 5.5271977
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5449450 | 5.5477769 | 5.4919085 | 5.5018072 | -0.0431380 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5449450 | 2024-12-06 18:30:40 |