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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)

Countertrend Up (+85) - NZDHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_NZDHUF
Open High Low NZDHUF Price Change
230.521 230.898 228.329 229.525 -0.996
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Oct 2nd, 2024 at 227.150

intermediate term up The intermediate-term trend has been UP since Aug 27th, 2024 at 219.961

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 230.585

Smart Scan Analysis for NZDHUF

Based on our trend formula, NZDHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
230.521 230.898 228.329 229.525 -0.996
Prev. Close Volume Bid Ask Time
230.521 2024-12-05 14:37:59
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