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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Sidelines Mode (-55) - GBPHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been DOWN since Jan 4th, 2023 at 449.360
The intermediate-term trend has been UP since Mar 13th, 2023 at 437.745
The short-term trend has been DOWN since Mar 21st, 2023 at 447.480
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 451.575 | 452.175 | 443.825 | 444.640 | -6.935 |
| Prev. Close | Volume | Bid | Ask | Time |
| 451.575 | 2023-03-21 10:45:33 |