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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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.

FOREX_CHFHKD
Open High Low CHFHKD Price Change
8.470705 8.493915 8.468235 8.479305 +0.008600
Entry Signal

MarketClub’s Trade Triangles for CHFHKD

long term down The long-term trend has been DOWN since Sep 17th, 2021 at 8.374540

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 8.448790

short term up The short-term trend has been UP since Oct 19th, 2021 at 8.442877

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).

+60
Smart Scan Analysis for CHFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.470705 8.493915 8.468235 8.479305 +0.008600
Prev. Close Volume Bid Ask Time
8.470705 2021-10-22 12:09:22
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