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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00255044 0.00256362 0.00254097 0.00254223 -0.00000800
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long term trend has been DOWN since Sep 5th, 2019 at 0.0027160

intermediate term down The intermediate term trend has been DOWN since Oct 15th, 2019 at 0.0026220

short term down The short term trend has been DOWN since Dec 6th, 2019 at 0.0025491

Smart Scan Analysis for HUFGBP

Based on a pre-defined weighted trend formula for chart analysis, HUFGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00255044 0.00256362 0.00254097 0.00254223 -0.00000800
Prev. Close Volume Bid Ask Time
0.00255044 0.00253498 0.00254949 2019-12-06 13:44:44
Want to analyze Hungarian Forint/British Pound HUFGBP or another symbol? Try our Free Forex Trend Analysis Report.