Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)
Bull Market Weakness (+75) - CADHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CADHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADHKD
The long-term trend has been UP since Aug 4th, 2020 at 5.8200800
The intermediate-term trend has been UP since Feb 15th, 2021 at 6.1241981
The short-term trend has been UP since Apr 9th, 2021 at 6.2089818
Smart Scan Analysis for CADHKD
Based on our trend formula, CADHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).