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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Swiss Franc/Hungarian Forint (FOREX:CHFHUF)

Long-Term Uptrend (+90) - CHFHUF is in a strong uptrend that is likely to continue. While CHFHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_CHFHUF
Open High Low CHFHUF Price Change
417.58403 418.64965 414.17798 415.65500 -1.92903
Entry Signal

MarketClub’s Trade Triangles for CHFHUF

long term up The long-term trend has been UP since Jun 14th, 2024 at 417.12984

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2024 at 398.94714

short term up The short-term trend has been UP since May 29th, 2024 at 388.85800

Smart Scan Analysis for CHFHUF

Based on our trend formula, CHFHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CHFHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
417.58403 418.64965 414.17798 415.65500 -1.92903
Prev. Close Volume Bid Ask Time
417.58403 2024-06-20 20:27:35
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