Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
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, HUFNZD 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 27th, 2023 at 0.00452811
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.00469984
The short-term trend has been DOWN since Sep 25th, 2023 at 0.00456758
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).