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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

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
428.310 428.605 427.840 428.335 +0.025
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Oct 8th, 2021 at 424.610

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 428.575

short term up The short-term trend has been UP since Jan 18th, 2022 at 427.935

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
428.310 428.605 427.840 428.335 +0.025
Prev. Close Volume Bid Ask Time
428.310 2022-01-23 20:28:04
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