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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Crossroads (+60) - HUFZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.05106823 0.05117127 0.05027201 0.05082312 -0.00024500
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term up The long-term trend has been UP since Sep 9th, 2022 at 0.04438708

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.05018669

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 0.05028585

Smart Scan Analysis for HUFZAR

Based on our trend formula, HUFZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05106823 0.05117127 0.05027201 0.05082312 -0.00024500
Prev. Close Volume Bid Ask Time
0.05106823 2023-03-24 17:07:25
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