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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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
391.155 392.335 387.460 387.690 -3.465
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Mar 31st, 2020 at 407.255

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2020 at 399.235

short term down 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).

-70
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
391.155 392.335 387.460 387.690 -3.465
Prev. Close Volume Bid Ask Time
391.155 387.310 388.070 2020-05-27 22:06:21
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