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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Countertrend Down (-85) - HUFGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.00240406 0.00241653 0.00240096 0.00240390 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Feb 8th, 2021 at 0.00244462

intermediate term down The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.00247590

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.00241052

Smart Scan Analysis for HUFGBP

Based on our trend formula, HUFGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00240406 0.00241653 0.00240096 0.00240390 0.00000000
Prev. Close Volume Bid Ask Time
0.00240406 2021-02-26 10:28:33
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