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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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.

FOREX_CHFHKD
Open High Low CHFHKD Price Change
8.352497 8.381962 8.336505 8.375440 +0.022943
Entry Signal

MarketClub’s Trade Triangles for CHFHKD

long term down The long-term trend has been DOWN since Mar 1st, 2021 at 8.521899

intermediate term down The intermediate-term trend has been DOWN since Feb 1st, 2021 at 8.686910

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 8.672065

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).

-90
Smart Scan Analysis for CHFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.352497 8.381962 8.336505 8.375440 +0.022943
Prev. Close Volume Bid Ask Time
8.352497 2021-03-05 09:24:24
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