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.
MarketClub’s Trade Triangles for HUFNZD
The long-term trend has been UP since Mar 1st, 2020 at 0.00523643
The intermediate-term trend has been UP since May 21st, 2020 at 0.00515425
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).