Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Sidelines Mode (+55) - HUFZAR 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 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.
MarketClub’s Trade Triangles for HUFZAR
The long-term trend has been DOWN since Nov 27th, 2019 at 0.04817500
The intermediate-term trend has been UP since Jan 31st, 2020 at 0.04861814
The short-term trend has been DOWN since Feb 19th, 2020 at 0.04798967
Smart Scan Analysis for HUFZAR
Based on our trend formula, HUFZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).