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.
MarketClub’s Trade Triangles for ZARHUF
The long-term trend has been DOWN since Sep 9th, 2022 at 22.531706
The intermediate-term trend has been DOWN since Apr 4th, 2023 at 19.234700
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).