Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Sidelines Mode (+55) - HKDCAD 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 HKDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDCAD
The long-term trend has been UP since Jan 31st, 2020 at 0.17037100
The intermediate-term trend has been DOWN since Apr 12th, 2020 at 0.17957942
The short-term trend has been UP since May 22nd, 2020 at 0.18063500
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).