Forex Trend Analysis Report
Prepared for you on Wednesday, December 2, 2020.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Crossroads (-60) - GBPHUF is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Sep 1st, 2020 at 399.335
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 395.115
The short-term trend has been DOWN since Nov 27th, 2020 at 403.735
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).