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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)

Long-Term Uptrend (+90) - HUFNZD is in a strong uptrend that is likely to continue. While HUFNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid HUFNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFNZD
Open High Low HUFNZD Price Change
0.00514907 0.00518265 0.00512329 0.00512784 -0.00002100
Entry Signal

MarketClub’s Trade Triangles for HUFNZD

long term up The long-term trend has been UP since Mar 1st, 2020 at 0.00523643

intermediate term up The intermediate-term trend has been UP since May 21st, 2020 at 0.00515425

short term up The short-term trend has been UP since May 28th, 2020 at 0.00511714

Smart Scan Analysis for HUFNZD

Based on our trend formula, HUFNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for HUFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00514907 0.00518265 0.00512329 0.00512784 -0.00002100
Prev. Close Volume Bid Ask Time
0.00514907 0.00512437 0.00513132 2020-06-01 16:13:40
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