Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Weak Downtrend (-65) - GBPHUF is showing signs of a strengthening downtrend. Monitor GBPHUF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Mar 31st, 2020 at 407.255
The intermediate-term trend has been DOWN since May 7th, 2020 at 399.235
The short-term trend has been DOWN since May 27th, 2020 at 390.400
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).