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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.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00241795 0.00242643 0.00241286 0.00242505 +0.00000700
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Feb 8th, 2021 at 0.00244462

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 0.00236964

short term down 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).

+55
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00241795 0.00242643 0.00241286 0.00242505 +0.00000700
Prev. Close Volume Bid Ask Time
0.00241795 2021-04-14 14:06:54
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