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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)

Weak Downtrend (-65) - NZDHUF is showing signs of a strengthening downtrend. Monitor NZDHUF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid NZDHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDHUF
Open High Low NZDHUF Price Change
196.9645 197.9795 196.8150 197.5065 +0.5420
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Nov 12th, 2019 at 194.5995

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2020 at 196.4570

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 198.5990

Smart Scan Analysis for NZDHUF

Based on our trend formula, NZDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
196.9645 197.9795 196.8150 197.5065 +0.5420
Prev. Close Volume Bid Ask Time
196.9645 197.2880 197.7250 2020-02-24 23:20:33
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