Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Bear Market Rally (-75) - HUFZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFZAR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for HUFZAR
The long-term trend has been DOWN since Jul 28th, 2023 at 0.05043503
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.05322019
The short-term trend has been DOWN since Dec 7th, 2023 at 0.05344146
Smart Scan Analysis for HUFZAR
Based on our trend formula, HUFZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).