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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Countertrend Up (+85) - GBPHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jan 24th, 2024 at 452.770
The intermediate-term trend has been UP since Aug 26th, 2024 at 467.025
The short-term trend has been DOWN since Nov 19th, 2024 at 485.480
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 489.105 | 491.640 | 488.995 | 491.245 | +2.140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 489.105 | 2024-11-20 03:43:02 |