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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Long-Term Downtrend (-90) - HUFZAR is in a strong downtrend that is likely to continue. While HUFZAR is showing intraday strength, it remains in the confines of a bearish trend. 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
0.04856411 0.04866908 0.04854843 0.04863910 +0.00007500
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Jun 11th, 2024 at 0.05070253

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 0.05070253

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.05191163

Smart Scan Analysis for HUFZAR

Based on our trend formula, HUFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04856411 0.04866908 0.04854843 0.04863910 +0.00007500
Prev. Close Volume Bid Ask Time
0.04856411 2024-06-24 01:50:54
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