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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)

Strong Downtrend (-100) - HUFNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFNZD continues to fall. Traders should use caution and set stops.

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.

FOREX_HUFNZD
Open High Low HUFNZD Price Change
0.00434857 0.00434857 0.00434857 0.00434857 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFNZD

long term down The long-term trend has been DOWN since Jun 11th, 2024 at 0.00443384

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.00456300

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.00448489

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).

-100
Smart Scan Analysis for HUFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00434857 0.00434857 0.00434857 0.00434857 0.00000000
Prev. Close Volume Bid Ask Time
0.00434857 2024-06-16 13:42:31
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