Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Bull Market Weakness (+75) - NZDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDHUF as it may be in the beginning stages of a reversal.
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 23rd, 2021 at 214.7175
The intermediate-term trend has been UP since Sep 8th, 2021 at 210.7750
The short-term trend has been DOWN since Oct 28th, 2021 at 223.5035
Smart Scan Analysis for NZDHUF
Based on our trend formula, NZDHUF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).