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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Strong Downtrend (-100) - NZDHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDHUF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NZDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDHUF.
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 NZDHUF
The long-term trend has been DOWN since May 1st, 2024 at 215.3490
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 219.7800
The short-term trend has been DOWN since May 8th, 2024 at 216.5555
Smart Scan Analysis for NZDHUF
Based on our trend formula, NZDHUF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 217.1745 | 217.4850 | 216.7140 | 216.8430 | -0.3315 |
| Prev. Close | Volume | Bid | Ask | Time |
| 217.1745 | 2024-05-09 09:23:26 |