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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)

Sidelines Mode (-55) - NOKHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
32.1498 32.1728 31.9951 32.0384 -0.1114
Entry Signal

MarketClub’s Trade Triangles for NOKHUF

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 32.41240

intermediate term up The intermediate-term trend has been UP since Mar 31st, 2020 at 31.58735

short term down The short-term trend has been DOWN since May 20th, 2020 at 31.94230

Smart Scan Analysis for NOKHUF

Based on our trend formula, NOKHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.1498 32.1728 31.9951 32.0384 -0.1114
Prev. Close Volume Bid Ask Time
32.1498 32.0156 32.0612 2020-05-25 14:22:07
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