Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
Strong Uptrend (+100) - HUFNZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HUFNZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Feb 2nd, 2023 at 0.00436409
The intermediate-term trend has been UP since May 30th, 2023 at 0.00478684
The short-term trend has been UP since Jun 6th, 2023 at 0.00479036
Smart Scan Analysis for HUFNZD
Based on our trend formula, HUFNZD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).