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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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.

FOREX_CADHKD
Open High Low CADHKD Price Change
5.7542440 5.7585345 5.7388410 5.7503876 -0.0038560
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Sep 5th, 2023 at 5.7509020

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 5.7396971

short term up The short-term trend has been UP since Nov 21st, 2023 at 5.6930142

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).

+70
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7542440 5.7585345 5.7388410 5.7503876 -0.0038560
Prev. Close Volume Bid Ask Time
5.7542440 2023-11-29 07:14:58
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