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Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Countertrend Up (+85) - CHFHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 27th, 2019 at 8.00105
The intermediate-term trend has been UP since Nov 5th, 2020 at 8.58173
The short-term trend has been DOWN since Nov 23rd, 2020 at 8.48247
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.499740 | 8.519960 | 8.497128 | 8.519155 | +0.019415 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.499740 | 2020-11-24 04:49:49 |