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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.

FOREX_NZDHUF
Open High Low NZDHUF Price Change
205.8925 206.5505 204.5410 204.5510 -1.3415
Entry Signal

MarketClub’s Trade Triangles for NZDHUF

long term up The long-term trend has been UP since Sep 18th, 2020 at 206.570

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2020 at 201.000

short term down 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).

-50
Smart Scan Analysis for NZDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
205.8925 206.5505 204.5410 204.5510 -1.3415
Prev. Close Volume Bid Ask Time
205.8925 2020-10-19 18:53:54
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