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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)

Crossroads (+60) - NZDHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
218.0000 219.1700 217.3935 218.6710 +0.6710
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 down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 219.780

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 217.992

Smart Scan Analysis for NZDHUF

Based on our trend formula, NZDHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
218.0000 219.1700 217.3935 218.6710 +0.6710
Prev. Close Volume Bid Ask Time
218.0000 2024-04-18 17:41:20
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