Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Long-Term Downtrend (-90) - HUFCHF is in a strong downtrend that is likely to continue. While HUFCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HUFCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFCHF
The long-term trend has been DOWN since Feb 24th, 2022 at 0.00279250
The intermediate-term trend has been DOWN since Apr 7th, 2022 at 0.00266915
The short-term trend has been DOWN since Jun 30th, 2022 at 0.00250405
Smart Scan Analysis for HUFCHF
Based on our trend formula, HUFCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).