Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Bull Market Weakness (+75) - HKDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDCAD as it may be in the beginning stages of a reversal.
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 May 9th, 2022 at 0.164973
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.164102
The short-term trend has been UP since Jun 30th, 2022 at 0.164616
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).