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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Strong Downtrend (-100) - HUFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFGBP continues to fall. Traders should use caution 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.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00218648 0.00219002 0.00217901 0.00218065 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Jan 24th, 2024 at 0.00220826

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.00215897

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 0.00218236

Smart Scan Analysis for HUFGBP

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

-100
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00218648 0.00219002 0.00217901 0.00218065 -0.00000600
Prev. Close Volume Bid Ask Time
0.00218648 2024-04-24 14:02:00
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