Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Countertrend Down (-85) - HUFGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HUFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been DOWN since Feb 8th, 2021 at 0.00244462
The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.00247590
The short-term trend has been UP since Feb 26th, 2021 at 0.00241052
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).