Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Long-Term Downtrend (-90) - HUFZAR is in a strong downtrend that is likely to continue. While HUFZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 17th, 2020 at 0.05334119
The intermediate-term trend has been DOWN since Feb 5th, 2021 at 0.05022380
The short-term trend has been DOWN since Feb 24th, 2021 at 0.04918028
Smart Scan Analysis for HUFZAR
Based on our trend formula, HUFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).