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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Sidelines Mode (-55) - HUFGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00226342 0.00226475 0.00226182 0.00226377 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term up The long-term trend has been UP since Jan 4th, 2023 at 0.00222558

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.00228427

short term up The short-term trend has been UP since Mar 21st, 2023 at 0.00223504

Smart Scan Analysis for HUFGBP

Based on our trend formula, HUFGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00226342 0.00226475 0.00226182 0.00226377 0.00000000
Prev. Close Volume Bid Ask Time
0.00226342 2023-03-22 01:26:44
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