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.
MarketClub’s Trade Triangles for NOKHUF
The long-term trend has been DOWN since Mar 2nd, 2020 at 32.41240
The intermediate-term trend has been UP since Mar 31st, 2020 at 31.58735
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).