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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.
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MarketClub’s Trade Triangles for NZDHUF
The long-term trend has been UP since Sep 27th, 2023 at 220.844
The intermediate-term trend has been UP since Nov 28th, 2023 at 212.470
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).
| 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 |