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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Weak Uptrend (+65) - GBPHUF is showing signs of weakening momentum to the upside. Monitor GBPHUF as it may be in the beginning stages of a reversal.

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
459.035 462.585 458.170 461.550 +2.515
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Jan 24th, 2024 at 452.770

intermediate term down The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 458.765

short term up The short-term trend has been UP since Apr 10th, 2024 at 456.425

Smart Scan Analysis for GBPHUF

Based on our trend formula, GBPHUF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
459.035 462.585 458.170 461.550 +2.515
Prev. Close Volume Bid Ask Time
459.035 2024-04-15 21:07:37
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