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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Bear Market Rally (-75) - HUFGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFGBP as it may be in the beginning of a reversal.

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.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00216406 0.00216553 0.00216332 0.00216395 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Jan 24th, 2024 at 0.00220826

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2024 at 0.00225521

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.00216563

Smart Scan Analysis for HUFGBP

Based on our trend formula, HUFGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00216406 0.00216553 0.00216332 0.00216395 0.00000000
Prev. Close Volume Bid Ask Time
0.00216406 2024-03-19 00:15:34
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