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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Strong Downtrend (-100) - CADHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADHKD continues to fall. 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
5.6597077 5.6686583 5.6482517 5.6499000 -0.0098080
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 5.7459400

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 5.6787648

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 5.7229280

Smart Scan Analysis for CADHKD

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

-100
Smart Scan Analysis for CADHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6597077 5.6686583 5.6482517 5.6499000 -0.0098080
Prev. Close Volume Bid Ask Time
5.6597077 2024-07-24 23:16:26
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