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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Hungarian Forint/British Pound (FOREX:HUFGBP)

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

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
0.00211280 0.00211531 0.00207190 0.00208472 -0.00002800
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 0.00226188

intermediate term up The intermediate-term trend has been UP since Aug 12th, 2022 at 0.00215815

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.00213111

Smart Scan Analysis for HUFGBP

Based on our trend formula, HUFGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00211280 0.00211531 0.00207190 0.00208472 -0.00002800
Prev. Close Volume Bid Ask Time
0.00211280 2022-08-16 12:55:57
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