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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Countertrend Down (-85) - HUFZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.05224164 0.05237357 0.05197280 0.05206741 -0.00017400
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 down The intermediate-term trend has been DOWN since Mar 4th, 2024 at 0.05216206

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.05182228

Smart Scan Analysis for HUFZAR

Based on our trend formula, HUFZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05224164 0.05237357 0.05197280 0.05206741 -0.00017400
Prev. Close Volume Bid Ask Time
0.05224164 2024-03-19 07:02:56
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