Forex Trend Analysis Report
Prepared for you on Monday, September 20, 2021.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
Crossroads (-60) - HUFNZD 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 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 UP since May 17th, 2021 at 0.00475426
The intermediate-term trend has been DOWN since Sep 9th, 2021 at 0.00474054
The short-term trend has been DOWN since Sep 16th, 2021 at 0.00472382
Smart Scan Analysis for HUFNZD
Based on our trend formula, HUFNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).