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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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
422.785 427.070 422.495 425.670 +2.885
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Oct 8th, 2021 at 424.61

intermediate term up The intermediate-term trend has been UP since Sep 17th, 2021 at 411.97

short term up 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).

+90
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
422.785 427.070 422.495 425.670 +2.885
Prev. Close Volume Bid Ask Time
422.785 2021-10-15 16:26:52
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