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HUNGARIAN FORINT / SWISS FRANC

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HUFCHF trade ideas

CHFHUF: Short opportunity of the parabolic rise.The pair has been trading on a steady Higher Low bullish sequence on the 1D chart (RSI = 64.877, MACD = 4.886, ADX = 60.426) since 2019. Recently however it has entered a strong parabolic rise that is currently consolidating. Typically this is a sign of exhaustion and the MACD has already started to roll downwards. We are aiming on a 0.500 Fibonacci retracement at least with 320.00 as our TP. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
CHFHUF: Mid/ Long-term Bullish Targets.The pair is trading on a strong 1D bearish leg (RSI = 37.148, MACD = -1.594, Highs/Lows = -0.8378) that has rebounded on the pivotal 30.000 RSI level. Based on CHFHUF's past price action on that level, we are expecting a medium term rebound to 305.000. On the long term, assuming the Support from the previous Monthly High holds (as it has done since 2018), we are expecting 309.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
CHFHUF Head and Shoulders Forming at Major Resistance?On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart . A strong resistance on the right daily is tested with the head of this potentially H&S . The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup. Thanks for reading and feedback is welcome! Wesley
Short
by W4DL