Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Long-Term Downtrend (-90) - HUFGBP is in a strong downtrend that is likely to continue. While HUFGBP is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been DOWN since Oct 8th, 2021 at 0.00235477
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.00242747
The short-term trend has been DOWN since Oct 15th, 2021 at 0.00235106
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).