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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
Bear Market Rally (-75) - CHFHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFHUF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CHFHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFHUF
The long-term trend has been DOWN since Apr 3rd, 2024 at 402.38022
The intermediate-term trend has been UP since Apr 15th, 2024 at 407.39881
The short-term trend has been DOWN since May 7th, 2024 at 397.46584
Smart Scan Analysis for CHFHUF
Based on our trend formula, CHFHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 398.14601 | 398.75616 | 396.60813 | 397.37500 | -0.77101 |
| Prev. Close | Volume | Bid | Ask | Time |
| 398.14601 | 2024-05-09 16:00:08 |