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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.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00231378 0.00232561 0.00231171 0.00232121 +0.00000700
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.00235477

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.00242747

short term down 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).

-90
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00231378 0.00232561 0.00231171 0.00232121 +0.00000700
Prev. Close Volume Bid Ask Time
0.00231378 2021-10-22 04:54:30
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