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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)
Countertrend Up (+85) - NOKHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for NOKHUF
The long-term trend has been UP since Nov 6th, 2024 at 34.51460
The intermediate-term trend has been UP since Sep 19th, 2024 at 33.80675
The short-term trend has been DOWN since Dec 5th, 2024 at 35.42280
Smart Scan Analysis for NOKHUF
Based on our trend formula, NOKHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.57785 | 35.62390 | 35.26770 | 35.34930 | -0.22855 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.57785 | 2024-12-05 14:01:52 |