Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Strong Downtrend (-100) - HKDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 4th, 2020 at 0.17182050
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.16879350
The short-term trend has been DOWN since Nov 18th, 2020 at 0.16850308
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).