Forex Trend Analysis Report
Prepared for you on Wednesday, July 15, 2020.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Crossroads (+60) - ZARHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARHUF
The long-term trend has been DOWN since Mar 1st, 2020 at 19.427950
The intermediate-term trend has been UP since Jun 28th, 2020 at 18.493598
The short-term trend has been UP since Jul 8th, 2020 at 18.503550
Smart Scan Analysis for ZARHUF
Based on our trend formula, ZARHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).