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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

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.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.04338127 0.04346898 0.04268496 0.04289928 -0.00048200
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 0.04720080

intermediate term up The intermediate-term trend has been UP since Jul 18th, 2022 at 0.04325644

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 0.04289046

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).

-75
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04338127 0.04346898 0.04268496 0.04289928 -0.00048200
Prev. Close Volume Bid Ask Time
0.04338127 2022-08-08 15:01:15
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