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Forex Trend Analysis Report

Prepared for you on Saturday, December 3, 2022.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Long-Term Downtrend (-90) - CADHKD is in a strong downtrend that is likely to continue. While CADHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
5.7849772 5.7849772 5.7814504 5.7814504 -0.0035270
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since May 9th, 2022 at 6.0614134

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2022 at 5.7286406

short term down The short-term trend has been DOWN since Nov 27th, 2022 at 5.8218545

Smart Scan Analysis for CADHKD

Based on our trend formula, CADHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7849772 5.7849772 5.7814504 5.7814504 -0.0035270
Prev. Close Volume Bid Ask Time
5.7849772 2022-12-03 05:48:42
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