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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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_GBPHUF
Open High Low GBPHUF Price Change
341.3100 344.0950 340.9800 343.7975 +2.4875
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long term trend has been UP since Sep 27th, 2017 at 355.850

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2017 at 346.475

short term down The short term trend has been DOWN since Oct 17th, 2017 at 345.175

Smart Scan Analysis for GBPHUF

Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
341.3100 344.0950 340.9800 343.7975 +2.4875
Prev. Close Volume Bid Ask Time
341.3100 343.6950 343.9000 2017-10-20 10:27:27
Want to analyze British Pound/Hungarian Forint GBPHUF or another symbol? Try our Free Forex Trend Analysis Report.