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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.

FOREX_HUFCHF
Open High Low HUFCHF Price Change
0.00244082 0.00244361 0.00237282 0.00241652 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for HUFCHF

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 0.00279250

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2022 at 0.00266915

short term down 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).

-90
Smart Scan Analysis for HUFCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00244082 0.00244361 0.00237282 0.00241652 -0.00002400
Prev. Close Volume Bid Ask Time
0.00244082 2022-07-06 15:56:38
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