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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)
Strong Downtrend (-100) - NOKHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKHUF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKHUF
The long-term trend has been DOWN since Apr 30th, 2024 at 33.12990
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 34.00090
The short-term trend has been DOWN since May 8th, 2024 at 33.05985
Smart Scan Analysis for NOKHUF
Based on our trend formula, NOKHUF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 33.06630 | 33.20070 | 33.04955 | 33.15260 | +0.08630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 33.06630 | 2024-05-08 22:55:17 |