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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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
33.72110 33.73400 33.46045 33.49560 -0.22550
Entry Signal

MarketClub’s Trade Triangles for NOKHUF

long term up The long-term trend has been UP since Jan 29th, 2024 at 34.51090

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 34.00090

short term up The short-term trend has been UP since Apr 22nd, 2024 at 33.67675

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
33.72110 33.73400 33.46045 33.49560 -0.22550
Prev. Close Volume Bid Ask Time
33.72110 2024-04-24 11:29:02
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