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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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
451.575 452.175 443.825 444.640 -6.935
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term down The long-term trend has been DOWN since Jan 4th, 2023 at 449.360

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 437.745

short term down 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).

-55
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways 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
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