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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

British Pound/Hungarian Forint (FOREX:GBPHUF)

Weak Downtrend (-65) - GBPHUF is showing signs of a strengthening downtrend. Monitor GBPHUF as it may be building momentum to the downside.

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
462.405 462.755 462.145 462.205 -0.200
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Jan 24th, 2024 at 452.770

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 462.485

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 466.135

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).

-70
Smart Scan Analysis for GBPHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
462.405 462.755 462.145 462.205 -0.200
Prev. Close Volume Bid Ask Time
462.405 2024-07-23 00:54:02
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