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.
MarketClub’s Trade Triangles for NOKHUF
The long-term trend has been DOWN since Nov 9th, 2022 at 38.62145
The intermediate-term trend has been DOWN since Mar 30th, 2023 at 33.49715
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).