Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Bull Market Weakness (+75) - HUFGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFGBP as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been UP since Apr 26th, 2020 at 0.00268732
The intermediate-term trend has been UP since Apr 26th, 2020 at 0.00250473
The short-term trend has been DOWN since Jun 2nd, 2020 at 0.00257058
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).