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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

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

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
0.05154064 0.05165925 0.05136072 0.05145122 -0.00008900
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Sep 17th, 2020 at 0.05334119

intermediate term down The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.05739712

short term up The short-term trend has been UP since Nov 29th, 2020 at 0.05050042

Smart Scan Analysis for HUFZAR

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

-65
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05154064 0.05165925 0.05136072 0.05145122 -0.00008900
Prev. Close Volume Bid Ask Time
0.05154064 2020-12-04 08:50:14
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