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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.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.04821129 0.04843839 0.04817988 0.04837068 +0.00015900
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long-term trend has been DOWN since Nov 27th, 2019 at 0.04817500

intermediate term up The intermediate-term trend has been UP since Jan 31st, 2020 at 0.04861814

short term down 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).

+55
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04821129 0.04843839 0.04817988 0.04837068 +0.00015900
Prev. Close Volume Bid Ask Time
0.04821129 0.04835343 0.04838794 2020-02-20 04:32:06
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