Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Bull Market Weakness (+75) - ZARHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARHUF as it may be in the beginning stages of a reversal.
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 Feb 23rd, 2022 at 21.186085
The intermediate-term trend has been UP since Aug 16th, 2022 at 24.144742
The short-term trend has been DOWN since Aug 19th, 2022 at 23.696686
Smart Scan Analysis for ZARHUF
Based on our trend formula, ZARHUF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).