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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Bear Market Rally (-75) - HUFGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFGBP as it may be in the beginning 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.
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MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been DOWN since Feb 24th, 2022 at 0.00226188
The intermediate-term trend has been UP since Aug 12th, 2022 at 0.00215815
The short-term trend has been DOWN since Aug 15th, 2022 at 0.00213111
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00211280 | 0.00211531 | 0.00208086 | 0.00208322 | -0.00003000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00211280 | 2022-08-16 05:16:34 |