Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Crossroads (-60) - GBPHUF is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
396.135 398.585 393.725 396.875 +0.740
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Sep 1st, 2020 at 399.335

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 395.115

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 403.735

Smart Scan Analysis for GBPHUF

Based on our trend formula, GBPHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
396.135 398.585 393.725 396.875 +0.740
Prev. Close Volume Bid Ask Time
396.135 2020-12-02 22:50:52
Get a free daily analysis and signals for British Pound/Hungarian Forint (GBPHUF) - Request Your Free Report.