Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
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 UP since Dec 27th, 2019 at 8.001050
The intermediate-term trend has been DOWN since Feb 7th, 2020 at 7.957875
The short-term trend has been DOWN since Feb 11th, 2020 at 7.935156
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).