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Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Strong Uptrend (+100) - HUFZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HUFZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for HUFZAR
The long-term trend has been UP since Feb 28th, 2020 at 0.05146207
The intermediate-term trend has been UP since Jul 23rd, 2020 at 0.05525233
The short-term trend has been UP since Jul 30th, 2020 at 0.05664877
Smart Scan Analysis for HUFZAR
Based on our trend formula, HUFZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05871740 | 0.05907228 | 0.05848870 | 0.05900952 | +0.00029200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05871740 | 0.05898762 | 0.05903143 | 2020-08-04 04:54:39 |