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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

Canadian Dollar/Hong Kong Dollar (FOREX:CADHKD)

Weak Downtrend (-65) - CADHKD is showing signs of a strengthening downtrend. Monitor CADHKD as it may be building momentum to the downside.

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
5.6089950 5.6164479 5.5911377 5.5963526 -0.0126420
Entry Signal

MarketClub’s Trade Triangles for CADHKD

long term up The long-term trend has been UP since Aug 23rd, 2024 at 5.7494593

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 5.7118700

short term down The short-term trend has been DOWN since Oct 20th, 2024 at 5.6236556

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
5.6089950 5.6164479 5.5911377 5.5963526 -0.0126420
Prev. Close Volume Bid Ask Time
5.5963526 2024-10-25 21:39:49
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