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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Jan 24th, 2024 at 452.770
The intermediate-term trend has been UP since Aug 26th, 2024 at 467.025
The short-term trend has been DOWN since Dec 26th, 2024 at 493.780
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 495.400 | 495.680 | 493.550 | 493.775 | -1.625 |
| Prev. Close | Volume | Bid | Ask | Time |
| 495.400 | 2024-12-26 06:10:13 |