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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)

Countertrend Up (+85) - HKDCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_HKDCAD
Open High Low HKDCAD Price Change
0.1803440 0.1805385 0.1802900 0.1804695 +0.0001260
Entry Signal

MarketClub’s Trade Triangles for HKDCAD

long term up The long-term trend has been UP since Nov 1st, 2024 at 0.17940800

intermediate term up The intermediate-term trend has been UP since Sep 17th, 2024 at 0.17467250

short term down The short-term trend has been DOWN since Dec 5th, 2024 at 0.18001669

Smart Scan Analysis for HKDCAD

Based on our trend formula, HKDCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1803440 0.1805385 0.1802900 0.1804695 +0.0001260
Prev. Close Volume Bid Ask Time
0.1803440 2024-12-06 06:08:36
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