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.
MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Oct 8th, 2021 at 424.610
The intermediate-term trend has been DOWN since Jan 10th, 2022 at 428.575
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).