InvestingScope
Short

CHFHUF: Short opportunity of the parabolic rise.

FX_IDC:CHFHUF   SWISS FRANC / HUNGARIAN FORINT
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.





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