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.
MarketClub’s Trade Triangles for CHFHKD
The long-term trend has been DOWN since Mar 1st, 2021 at 8.521899
The intermediate-term trend has been DOWN since Feb 1st, 2021 at 8.686910
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).