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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
5.7556791 5.7597053 5.7316130 5.7514498 -0.0042290
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since May 9th, 2022 at 6.0614134

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2023 at 5.8176144

short term up The short-term trend has been UP since Mar 28th, 2023 at 5.7583401

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
5.7556791 5.7597053 5.7316130 5.7514498 -0.0042290
Prev. Close Volume Bid Ask Time
5.7556791 2023-03-28 08:27:31
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