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Forex Trend Analysis Report

Prepared for you on Thursday, August 17, 2017.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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
333.5260 333.7675 333.3920 333.6350 +0.1090
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term down The long term trend has been DOWN since May 26th, 2017 at 353.5400

intermediate term down The intermediate term trend has been DOWN since May 12th, 2017 at 365.4275

short term down The short term trend has been DOWN since Aug 11th, 2017 at 335.0600

Smart Scan Analysis for GBPHUF

Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
333.5260 333.7675 333.3920 333.6350 +0.1090
Prev. Close Volume Bid Ask Time
333.5260 333.2300 334.0400 2017-08-17 01:53:52
Want to analyze British Pound/Hungarian Forint GBPHUF or another symbol? Try our Free Forex Trend Analysis Report.