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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.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.05339475 0.05339475 0.05339475 0.05339475 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Jul 28th, 2023 at 0.05043503

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 0.05322019

short term down 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).

-75
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05339475 0.05339475 0.05339475 0.05339475 0.00000000
Prev. Close Volume Bid Ask Time
0.05339475 2023-12-09 00:32:25
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