Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Long-Term Downtrend (-90) - HKDCHF is in a strong downtrend that is likely to continue. While HKDCHF 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 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 DOWN since Dec 9th, 2022 at 0.11962821
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.11691205
The short-term trend has been DOWN since Mar 30th, 2023 at 0.11637782
Smart Scan Analysis for HKDCHF
Based on our trend formula, HKDCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).