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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Sidelines Mode (-55) - CADHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
5.6986107 5.7052483 5.6980623 5.7033079 +0.0046970
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 5.7459400

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2024 at 5.6817692

short term up The short-term trend has been UP since Jun 12th, 2024 at 5.6868994

Smart Scan Analysis for CADHKD

Based on our trend formula, CADHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6986107 5.7052483 5.6980623 5.7033079 +0.0046970
Prev. Close Volume Bid Ask Time
5.6986107 2024-06-24 03:20:57
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