Forex Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
Bear Market Rally (-75) - HUFNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFNZD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HUFNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFNZD
The long-term trend has been DOWN since Sep 18th, 2020 at 0.00484430
The intermediate-term trend has been DOWN since Aug 25th, 2020 at 0.00511359
The short-term trend has been UP since Sep 22nd, 2020 at 0.00488301
Smart Scan Analysis for HUFNZD
Based on our trend formula, HUFNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).