Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Hungarian Forint/British Pound (FOREX:HUFGBP)
Sidelines Mode (+55) - HUFGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 8th, 2021 at 0.00244462
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.00236964
The short-term trend has been DOWN since Apr 13th, 2021 at 0.00241418
Smart Scan Analysis for HUFGBP
Based on our trend formula, HUFGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).