Forex Trend Analysis Report
Prepared for you on Monday, July 13, 2020.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
Long-Term Uptrend (+90) - CHFHKD is in a strong uptrend that is likely to continue. While CHFHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Dec 27th, 2019 at 8.001050
The intermediate-term trend has been UP since May 1st, 2020 at 8.079373
The short-term trend has been UP since Jul 2nd, 2020 at 8.208590
Smart Scan Analysis for CHFHKD
Based on our trend formula, CHFHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).