Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)

Sidelines Mode (+55) - HKDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_HKDCAD
Open High Low HKDCAD Price Change
0.17542388 0.17565330 0.17524329 0.17524329 -0.00018100
Entry Signal

MarketClub’s Trade Triangles for HKDCAD

long term up The long-term trend has been UP since Apr 5th, 2024 at 0.17403600

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 0.17599600

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.17596744

Smart Scan Analysis for HKDCAD

Based on our trend formula, HKDCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17542388 0.17565330 0.17524329 0.17524329 -0.00018100
Prev. Close Volume Bid Ask Time
0.17542388 2024-06-22 12:30:29
Get a free daily analysis and signals for Hong Kong Dollar/Canadian Dollar (HKDCAD) - Request Your Free Report.