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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)

Bear Market Rally (-75) - CHFHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFHKD as it may be in the beginning of a reversal.

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
8.601134 8.601298 8.601134 8.601263 +0.000129
Entry Signal

MarketClub’s Trade Triangles for CHFHKD

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 8.798953

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2024 at 9.080579

short term up The short-term trend has been UP since Apr 17th, 2024 at 8.601870

Smart Scan Analysis for CHFHKD

Based on our trend formula, CHFHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.601134 8.601298 8.601134 8.601263 +0.000129
Prev. Close Volume Bid Ask Time
8.601134 2024-04-20 03:06:10
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