Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
Strong Downtrend (-100) - CHFHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFHUF continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CHFHUF
The long-term trend has been DOWN since Jan 1st, 2023 at 402.34592
The intermediate-term trend has been DOWN since Jun 4th, 2023 at 377.93254
The short-term trend has been DOWN since Jun 8th, 2023 at 378.30100
Smart Scan Analysis for CHFHUF
Based on our trend formula, CHFHUF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).