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Forex Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

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
397.740 398.415 391.270 392.050 -5.690
Entry Signal

MarketClub’s Trade Triangles for GBPHUF

long term up The long-term trend has been UP since Sep 5th, 2019 at 368.105

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2020 at 394.255

short term down The short-term trend has been DOWN since Feb 26th, 2020 at 401.740

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
397.740 398.415 391.270 392.050 -5.690
Prev. Close Volume Bid Ask Time
397.740 391.910 392.190 2020-02-28 13:29:26
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