Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Long-Term Uptrend (+90) - HKDCAD is in a strong uptrend that is likely to continue. While HKDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 0.1703710
The intermediate-term trend has been UP since Jan 22nd, 2020 at 0.1687135
The short-term trend has been UP since Feb 24th, 2020 at 0.1705425
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).