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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Bear Market Rally (-75) - HUFGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFGBP as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been DOWN since Jan 24th, 2024 at 0.00220826
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.00215897
The short-term trend has been UP since Apr 18th, 2024 at 0.00218334
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00216484 | 0.00217417 | 0.00216299 | 0.00217138 | +0.00000700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00216484 | 2024-04-19 09:09:39 |