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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Crossroads (+60) - HUFGBP 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 HUFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been DOWN since Jan 24th, 2024 at 0.00220826
The intermediate-term trend has been UP since May 6th, 2024 at 0.00220611
The short-term trend has been UP since Apr 30th, 2024 at 0.00219054
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00221276 | 0.00222273 | 0.00221069 | 0.00221726 | +0.00000500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00221276 | 2024-05-09 12:44:41 |