Forex Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Bull Market Weakness (+75) - GBPHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPHUF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been DOWN since May 24th, 2021 at 402.330
The intermediate-term trend has been UP since Jun 14th, 2021 at 407.035
The short-term trend has been UP since Jun 11th, 2021 at 405.770
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).