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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.

FOREX_CHFHKD
Open High Low CHFHKD Price Change
8.499740 8.519960 8.497128 8.519155 +0.019415
Entry Signal

MarketClub’s Trade Triangles for CHFHKD

long term up The long-term trend has been UP since Dec 27th, 2019 at 8.00105

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 8.58173

short term down 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).

+85
Smart Scan Analysis for CHFHKD
Strong Downtrend Sideways 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
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