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.
MarketClub’s Trade Triangles for HUFZAR
The long-term trend has been DOWN since Sep 17th, 2020 at 0.05334119
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.05739712
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).