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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Strong Downtrend (-100) - HUFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFGBP continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 16th, 2024 at 0.00215897
The short-term trend has been DOWN since Apr 10th, 2024 at 0.00219104
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00216513 | 0.00216906 | 0.00215717 | 0.00216059 | -0.00000500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00216513 | 2024-04-16 06:32:36 |