Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
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.
MarketClub’s Trade Triangles for NZDHUF
The long-term trend has been DOWN since Jan 4th, 2023 at 234.327
The intermediate-term trend has been UP since Mar 13th, 2023 at 225.423
The short-term trend has been UP since Mar 9th, 2023 at 221.745
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).