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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.
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MarketClub’s Trade Triangles for NZDHUF
The long-term trend has been UP since Oct 2nd, 2024 at 227.150
The intermediate-term trend has been UP since Aug 27th, 2024 at 219.961
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).
| 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 |