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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
5.5425550 5.5514479 5.5385088 5.5443850 +0.0018300
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 5.8693664

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2020 at 5.5684232

short term down The short-term trend has been DOWN since May 22nd, 2020 at 5.5359475

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
5.5425550 5.5514479 5.5385088 5.5443850 +0.0018300
Prev. Close Volume Bid Ask Time
5.5425550 5.5437700 5.5450000 2020-05-25 14:43:43
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