Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Sidelines Mode (+50) - HUFGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HUFGBP can gain momentum.
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 DOWN since Sep 1st, 2020 at 0.00250474
The intermediate-term trend has been UP since Nov 9th, 2020 at 0.00253150
The short-term trend has been UP since Nov 27th, 2020 at 0.00247712
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).