Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Bear Market Rally (-75) - HKDCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDCAD as it may be in the beginning 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 DOWN since Oct 19th, 2021 at 0.158387
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.161839
The short-term trend has been UP since Oct 22nd, 2021 at 0.159280
Smart Scan Analysis for HKDCAD
Based on our trend formula, HKDCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).