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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Bear Market Rally (-75) - CHFHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFHKD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CHFHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFHKD
The long-term trend has been DOWN since Mar 18th, 2024 at 8.798953
The intermediate-term trend has been DOWN since Jan 16th, 2024 at 9.080579
The short-term trend has been DOWN since May 8th, 2024 at 8.597592
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.598860 | 8.631186 | 8.594822 | 8.604206 | +0.005346 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.598860 | 2024-05-08 23:07:31 |