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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Sidelines Mode (+55) - GBPHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for GBPHUF
The long-term trend has been UP since Jan 24th, 2024 at 452.770
The intermediate-term trend has been UP since Apr 16th, 2024 at 463.210
The short-term trend has been DOWN since Apr 28th, 2024 at 456.725
Smart Scan Analysis for GBPHUF
Based on our trend formula, GBPHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 457.720 | 458.215 | 455.295 | 455.795 | -1.925 |
| Prev. Close | Volume | Bid | Ask | Time |
| 457.720 | 2024-05-01 23:33:53 |