Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Crossroads (+60) - HUFZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HUFZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	HUFZAR Price	Change
0.05186185	0.05222902	0.05179464	0.05192049	+0.00005900
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

The long-term trend has been DOWN since Mar 5th, 2024 at 0.05193707

The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.05220963

The short-term trend has been UP since Apr 23rd, 2024 at 0.05192916

Smart Scan Analysis for HUFZAR

Based on our trend formula, HUFZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.05186185	0.05222902	0.05179464	0.05192049	+0.00005900
Prev. Close	Volume	Bid	Ask	Time
0.05186185				2024-04-23 09:48:13

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