Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Sidelines Mode (-55) - NZDHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Sep 18th, 2020 at 206.5700
The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 216.4100
The short-term trend has been UP since Apr 13th, 2021 at 212.5505
Smart Scan Analysis for NZDHUF
Based on our trend formula, NZDHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).