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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)

Crossroads (+60) - NOKHUF 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 NOKHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKHUF
Open High Low NOKHUF Price Change
32.61930 32.68040 32.40185 32.45560 -0.16370
Entry Signal

MarketClub’s Trade Triangles for NOKHUF

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 32.14995

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 32.57365

short term up The short-term trend has been UP since Dec 7th, 2023 at 32.62565

Smart Scan Analysis for NOKHUF

Based on our trend formula, NOKHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.61930 32.68040 32.40185 32.45560 -0.16370
Prev. Close Volume Bid Ask Time
32.61930 2023-12-08 10:20:20
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