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Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Strong Uptrend (+100) - GBPHUF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPHUF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Feb 8th, 2021 at 409.070
The intermediate-term trend has been UP since Dec 24th, 2020 at 403.925
The short-term trend has been UP since Feb 28th, 2021 at 419.155
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 426.29 | 428.66 | 426.12 | 428.28 | +1.99 |
| Prev. Close | Volume | Bid | Ask | Time |
| 426.29 | 2021-03-08 07:49:19 |