Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Bull Market Weakness (+75) - ZARHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARHUF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHUF.
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 ZARHUF
The long-term trend has been UP since Mar 5th, 2024 at 19.254072
The intermediate-term trend has been UP since May 1st, 2024 at 19.632550
The short-term trend has been DOWN since May 7th, 2024 at 19.487533
Smart Scan Analysis for ZARHUF
Based on our trend formula, ZARHUF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.468620 | 19.552772 | 19.445332 | 19.510800 | +0.042180 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.468620 | 2024-05-09 10:16:23 |