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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.

FOREX_NZDHUF
Open High Low NZDHUF Price Change
233.2345 236.1200 229.9595 230.1345 -3.1000
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term down The long-term trend has been DOWN since Jan 4th, 2023 at 234.327

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 225.423

short term up 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).

+60
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
233.2345 236.1200 229.9595 230.1345 -3.1000
Prev. Close Volume Bid Ask Time
233.2345 2023-03-20 15:58:52
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