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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Crossroads (+60) - GBPHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPHUF
Open High Low GBPHUF Price Change
428.925 431.475 427.395 431.435 +2.510
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Oct 8th, 2021 at 424.610

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 428.575

short term down The short-term trend has been DOWN since Jan 28th, 2022 at 428.335

Smart Scan Analysis for GBPHUF

Based on our trend formula, GBPHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
428.925 431.475 427.395 431.435 +2.510
Prev. Close Volume Bid Ask Time
428.925 2022-01-28 06:17:00
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