Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)
Bear Market Rally (-75) - CADHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADHKD as it may be in the beginning of a reversal.
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 DOWN since May 9th, 2022 at 6.0614134
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 6.0923497
The short-term trend has been DOWN since Jun 30th, 2022 at 6.0745331
Smart Scan Analysis for CADHKD
Based on our trend formula, CADHKD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).