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.
MarketClub’s Trade Triangles for NOKHUF
The long-term trend has been DOWN since Nov 3rd, 2023 at 32.14995
The intermediate-term trend has been UP since Nov 21st, 2023 at 32.57365
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).