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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)

Bull Market Weakness (+75) - CHFHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFHKD as it may be in the beginning stages of a reversal.

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
8.777895 8.821190 8.772042 8.820417 +0.042522
Entry Signal

MarketClub’s Trade Triangles for CHFHKD

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 8.798953

intermediate term up The intermediate-term trend has been UP since May 31st, 2024 at 8.682741

short term up The short-term trend has been UP since Jun 12th, 2024 at 8.727796

Smart Scan Analysis for CHFHKD

Based on our trend formula, CHFHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CHFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.777895 8.821190 8.772042 8.820417 +0.042522
Prev. Close Volume Bid Ask Time
8.777895 2024-06-18 09:06:47
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