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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Strong Downtrend (-100) - HUFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFZAR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HUFZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.05180873 0.05206434 0.05179595 0.05187910 +0.00007000
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 0.05193707

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2024 at 0.05216206

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.05168146

Smart Scan Analysis for HUFZAR

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

-100
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05180873 0.05206434 0.05179595 0.05187910 +0.00007000
Prev. Close Volume Bid Ask Time
0.05180873 2024-03-28 07:12:18
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