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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Bull Market Weakness (+75) - HUFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFZAR as it may be in the beginning stages of a reversal.

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.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.05169392 0.05209909 0.05161615 0.05203464 +0.00034100
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

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

intermediate term up The intermediate-term trend has been UP since May 24th, 2024 at 0.05191694

short term up The short-term trend has been UP since May 23rd, 2024 at 0.05154072

Smart Scan Analysis for HUFZAR

Based on our trend formula, HUFZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05169392 0.05209909 0.05161615 0.05203464 +0.00034100
Prev. Close Volume Bid Ask Time
0.05203464 2024-05-24 17:04:14
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