Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Crossroads (+60) - CHFHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Sep 25th, 2023 at 8.590999
The intermediate-term trend has been UP since Nov 15th, 2023 at 8.800740
The short-term trend has been UP since Nov 23rd, 2023 at 8.838832
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).