Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

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
218.4825 218.6095 216.2550 216.7330 -1.7495
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Sep 27th, 2023 at 220.844

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 212.470

short term up The short-term trend has been UP since Nov 29th, 2023 at 212.652

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
218.4825 218.6095 216.2550 216.7330 -1.7495
Prev. Close Volume Bid Ask Time
218.4825 2023-12-08 15:20:01
Get a free daily analysis and signals for New Zealand Dollar/Hungarian Forint (NZDHUF) - Request Your Free Report.