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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
0.18042000 0.18055000 0.18015102 0.18036000 -0.00006000
Entry Signal

MarketClub’s Trade Triangles for HKDCAD

long term up The long-term trend has been UP since Jan 31st, 2020 at 0.17037100

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2020 at 0.17957942

short term up The short-term trend has been UP since May 22nd, 2020 at 0.18063500

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
0.18042000 0.18055000 0.18015102 0.18036000 -0.00006000
Prev. Close Volume Bid Ask Time
0.18042000 0.18034000 0.18038000 2020-05-25 14:44:32
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