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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Countertrend Down (-85) - CHFHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Nov 5th, 2024 at 8.902399
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 9.123386
The short-term trend has been UP since Nov 18th, 2024 at 8.800850
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 |
|---|---|---|---|---|
| 8.809970 | 8.812557 | 8.793164 | 8.802999 | -0.006971 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.809970 | 2024-11-20 03:37:06 |