Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
Countertrend Down (-85) - HUFNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Sep 18th, 2020 at 0.00484430
The intermediate-term trend has been DOWN since Dec 27th, 2020 at 0.00470155
The short-term trend has been UP since Feb 28th, 2021 at 0.00461393
Smart Scan Analysis for HUFNZD
Based on our trend formula, HUFNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).