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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

Hungarian Forint/South African Rand (FOREX:HUFZAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_HUFZAR
Open High Low HUFZAR Price Change
0.047891 0.048169 0.047778 0.047970 +0.000079
Entry Signal

MarketClub’s Trade Triangles for HUFZAR

long term down The long term trend has been DOWN since Jul 9th, 2019 at 0.048675

intermediate term down The intermediate term trend has been DOWN since Jun 20th, 2019 at 0.049508

short term down The short term trend has been DOWN since Jun 26th, 2019 at 0.050028

Smart Scan Analysis for HUFZAR

Based on a pre-defined weighted trend formula for chart analysis, HUFZAR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HUFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.047891 0.048169 0.047778 0.047970 +0.000079
Prev. Close Volume Bid Ask Time
0.047891 0.047952 0.047989 2019-07-19 11:09:56
Want to analyze Hungarian Forint/South African Rand HUFZAR or another symbol? Try our Free Forex Trend Analysis Report.