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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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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 UP since Nov 19th, 2024 at 5.5595009
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5767201 | 5.5789748 | 5.5712118 | 5.5725218 | -0.0041980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5767201 | 2024-11-20 03:24:37 |