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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)

Strong Downtrend (-100) - HKDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HKDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDCAD
Open High Low HKDCAD Price Change
0.16694550 0.16716750 0.16654956 0.16666950 -0.00027600
Entry Signal

MarketClub’s Trade Triangles for HKDCAD

long term down The long-term trend has been DOWN since Aug 4th, 2020 at 0.17182050

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.16879350

short term down The short-term trend has been DOWN since Nov 18th, 2020 at 0.16850308

Smart Scan Analysis for HKDCAD

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

-100
Smart Scan Analysis for HKDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16694550 0.16716750 0.16654956 0.16666950 -0.00027600
Prev. Close Volume Bid Ask Time
0.16694550 2020-12-02 22:40:30
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