Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)

Crossroads (+60) - HUFNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	HUFNZD Price	Change
0.00414148	0.00415695	0.00410360	0.00411039	-0.00003100
Entry Signal

MarketClub’s Trade Triangles for HUFNZD

The long-term trend has been DOWN since Mar 1st, 2022 at 0.00445226

The intermediate-term trend has been UP since Aug 5th, 2022 at 0.00414824

The short-term trend has been UP since Aug 1st, 2022 at 0.00404456

Smart Scan Analysis for HUFNZD

Based on our trend formula, HUFNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00414148	0.00415695	0.00410360	0.00411039	-0.00003100
Prev. Close	Volume	Bid	Ask	Time
0.00414148				2022-08-08 15:38:02

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