Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Sidelines Mode (-50) - NZDHUF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDHUF can gain momentum.
Is it time to buy, sell, or avoid NZDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDHUF
The long-term trend has been UP since Sep 18th, 2020 at 206.570
The intermediate-term trend has been DOWN since Oct 7th, 2020 at 201.000
The short-term trend has been DOWN since Oct 19th, 2020 at 204.861
Smart Scan Analysis for NZDHUF
Based on our trend formula, NZDHUF is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).