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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)

Long-Term Uptrend (+90) - NZDHUF is in a strong uptrend that is likely to continue. While NZDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
212.0865 212.7175 211.2815 211.4175 -0.6690
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Sep 18th, 2020 at 206.5700

intermediate term up The intermediate-term trend has been UP since Oct 26th, 2020 at 206.7725

short term up The short-term trend has been UP since Nov 15th, 2020 at 208.3775

Smart Scan Analysis for NZDHUF

Based on our trend formula, NZDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
212.0865 212.7175 211.2815 211.4175 -0.6690
Prev. Close Volume Bid Ask Time
212.0865 2020-11-24 22:02:43
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