Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Long-Term Uptrend (+90) - GBPHUF is in a strong uptrend that is likely to continue. While GBPHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 424.61
The intermediate-term trend has been UP since Sep 17th, 2021 at 411.97
The short-term trend has been UP since Oct 15th, 2021 at 425.34
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).