Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Bear Market Rally (-75) - ZARHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARHUF as it may be in the beginning 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 DOWN since Mar 1st, 2020 at 19.427950
The intermediate-term trend has been UP since May 21st, 2020 at 18.007065
The short-term trend has been DOWN since May 27th, 2020 at 18.179999
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).