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Forex Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
359.910 363.195 359.860 362.620 +2.710
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term down The long term trend has been DOWN since Aug 8th, 2018 at 354.605

intermediate term up The intermediate term trend has been UP since Jan 13th, 2019 at 359.965

short term down The short term trend has been DOWN since Jan 18th, 2019 at 360.380

Smart Scan Analysis for GBPHUF

Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
359.910 363.195 359.860 362.620 +2.710
Prev. Close Volume Bid Ask Time
359.910 362.230 363.010 2019-01-22 23:58:43
Want to analyze British Pound/Hungarian Forint GBPHUF or another symbol? Try our Free Forex Trend Analysis Report.