Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Sidelines Mode (-55) - ZARHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARHUF
The long-term trend has been UP since Nov 27th, 2019 at 20.757500
The intermediate-term trend has been DOWN since Jan 31st, 2020 at 20.569072
The short-term trend has been UP since Feb 19th, 2020 at 20.839700
Smart Scan Analysis for ZARHUF
Based on our trend formula, ZARHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).