Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Weak Uptrend (+65) - HKDCAD is showing signs of weakening momentum to the upside. Monitor HKDCAD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for HKDCAD
The long-term trend has been UP since May 9th, 2022 at 0.164973
The intermediate-term trend has been DOWN since Jul 22nd, 2022 at 0.163374
The short-term trend has been UP since Aug 15th, 2022 at 0.163333
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).