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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.

FOREX_NZDHUF
Open High Low NZDHUF Price Change
214.5445 214.5445 214.5445 214.5445 0.0000
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Sep 18th, 2020 at 206.5700

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 216.4100

short term up 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).

-55
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
214.5445 214.5445 214.5445 214.5445 0.0000
Prev. Close Volume Bid Ask Time
214.5445 2021-05-09 05:26:13
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