Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Crossroads (-60) - HKDCAD is struggling to move into a solid trend. Beware of choppy markets 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 Sep 5th, 2023 at 0.17387600
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.17427600
The short-term trend has been DOWN since Nov 14th, 2023 at 0.17622877
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).