Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Weak Downtrend (-65) - HKDCAD is showing signs of a strengthening downtrend. Monitor HKDCAD as it may be building momentum to the downside.
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 DOWN since Aug 4th, 2020 at 0.1718205
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.1633110
The short-term trend has been UP since Feb 26th, 2021 at 0.1630910
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).