Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 UP since Jan 31st, 2020 at 0.17037100
The intermediate-term trend has been DOWN since Apr 12th, 2020 at 0.17957942
The short-term trend has been DOWN since May 26th, 2020 at 0.17989747
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).