Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Sidelines Mode (-55) - HKDCHF 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 HKDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDCHF
The long-term trend has been UP since Mar 1st, 2021 at 0.11740581
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.11836103
The short-term trend has been UP since Oct 26th, 2021 at 0.11848454
Smart Scan Analysis for HKDCHF
Based on our trend formula, HKDCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).