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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Long-Term Downtrend (-90) - CHFHKD is in a strong downtrend that is likely to continue. While CHFHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 23rd, 2024 at 8.585728
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.592030 | 8.623165 | 8.582074 | 8.614532 | +0.022502 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.592030 | 2024-04-23 10:49:52 |