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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)

Weak Downtrend (-65) - NZDHUF is showing signs of a strengthening downtrend. Monitor NZDHUF as it may be building momentum to the downside.

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
217.9485 218.2555 217.3895 217.4525 -0.4960
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term down The long-term trend has been DOWN since May 1st, 2024 at 215.349

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 219.780

short term up The short-term trend has been UP since May 15th, 2024 at 217.080

Smart Scan Analysis for NZDHUF

Based on our trend formula, NZDHUF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
217.9485 218.2555 217.3895 217.4525 -0.4960
Prev. Close Volume Bid Ask Time
217.9485 2024-05-20 05:31:04
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