Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
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.
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 UP since Oct 26th, 2020 at 206.7725
The short-term trend has been UP since Nov 15th, 2020 at 208.3775
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).