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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)

Strong Downtrend (-100) - NOKHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKHUF continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKHUF
Open High Low NOKHUF Price Change
33.56650 33.75515 33.45505 33.58110 +0.01460
Entry Signal

MarketClub’s Trade Triangles for NOKHUF

long term down The long-term trend has been DOWN since Nov 9th, 2022 at 38.62145

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2023 at 33.49715

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 34.41885

Smart Scan Analysis for NOKHUF

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

-100
Smart Scan Analysis for NOKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.56650 33.75515 33.45505 33.58110 +0.01460
Prev. Close Volume Bid Ask Time
33.56650 2023-03-31 05:19:37
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