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.
MarketClub’s Trade Triangles for CADHKD
The long-term trend has been DOWN since Sep 5th, 2023 at 5.7509020
The intermediate-term trend has been UP since Nov 28th, 2023 at 5.7396971
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).