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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Sidelines Mode (-55) - CHFHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 Dec 5th, 2024 at 8.830800
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.856072 | 8.860701 | 8.841402 | 8.857083 | +0.001011 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.856072 | 2024-12-06 03:20:37 |