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.
MarketClub’s Trade Triangles for CHFHKD
The long-term trend has been DOWN since Sep 17th, 2021 at 8.374540
The intermediate-term trend has been UP since Oct 14th, 2021 at 8.448790
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).