Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Countertrend Up (+85) - HUFGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HUFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFGBP
The long-term trend has been UP since Nov 3rd, 2023 at 0.00229128
The intermediate-term trend has been UP since Oct 17th, 2023 at 0.00225129
The short-term trend has been UP since Nov 28th, 2023 at 0.00229638
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).