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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.

FOREX_HUFNZD
Open High Low HUFNZD Price Change
0.00486887 0.00488612 0.00484741 0.00487435 +0.00000500
Entry Signal

MarketClub’s Trade Triangles for HUFNZD

long term down The long-term trend has been DOWN since Sep 18th, 2020 at 0.00484430

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2020 at 0.00511359

short term up 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).

-75
Smart Scan Analysis for HUFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00486887 0.00488612 0.00484741 0.00487435 +0.00000500
Prev. Close Volume Bid Ask Time
0.00486887 0.00487096 0.00487774 2020-09-22 22:09:16
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