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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Countertrend Up (+85) - GBPHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
479.235 479.380 476.905 477.880 -1.355
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Jan 24th, 2024 at 452.770

intermediate term up The intermediate-term trend has been UP since Aug 26th, 2024 at 467.025

short term down The short-term trend has been DOWN since Oct 8th, 2024 at 477.900

Smart Scan Analysis for GBPHUF

Based on our trend formula, GBPHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
479.235 479.380 476.905 477.880 -1.355
Prev. Close Volume Bid Ask Time
479.235 2024-10-08 08:07:28
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