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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

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.

FOREX_ZARHUF
Open High Low ZARHUF Price Change
17.701828 17.923300 17.675129 17.870132 +0.168304
Entry Signal

MarketClub’s Trade Triangles for ZARHUF

long term down The long-term trend has been DOWN since Sep 9th, 2022 at 22.531706

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2023 at 19.234700

short term up The short-term trend has been UP since Jun 2nd, 2023 at 17.674084

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).

-55
Smart Scan Analysis for ZARHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.701828 17.923300 17.675129 17.870132 +0.168304
Prev. Close Volume Bid Ask Time
17.701828 2023-06-05 17:23:38
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