Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
Strong Downtrend (-100) - HUFNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 23rd, 2021 at 0.00465739
The intermediate-term trend has been DOWN since Sep 9th, 2021 at 0.00474054
The short-term trend has been DOWN since Oct 6th, 2021 at 0.00465882
Smart Scan Analysis for HUFNZD
Based on our trend formula, HUFNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).