Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Strong Downtrend (-100) - HUFCHF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFCHF continues to fall. 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 Jul 5th, 2023 at 0.002570
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.002522
The short-term trend has been DOWN since Nov 29th, 2023 at 0.002531
Smart Scan Analysis for HUFCHF
Based on our trend formula, HUFCHF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).