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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

British Pound/Hungarian Forint (FOREX:GBPHUF)

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_GBPHUF
Open High Low GBPHUF Price Change
362.110 362.595 361.870 362.085 -0.025
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 down The intermediate term trend has been DOWN since Nov 15th, 2018 at 363.050

short term down The short term trend has been DOWN since Nov 15th, 2018 at 366.550

Smart Scan Analysis for GBPHUF

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

-100
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
362.110 362.595 361.870 362.085 -0.025
Prev. Close Volume Bid Ask Time
362.110 361.940 362.230 2018-11-19 06:12:40
Want to analyze British Pound/Hungarian Forint GBPHUF or another symbol? Try our Free Forex Trend Analysis Report.