Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Hungarian Forint/British Pound (FOREX:HUFGBP)

Sidelines Mode (+50) - HUFGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HUFGBP can gain momentum.

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
0.00247082 0.00248737 0.00246722 0.00248399 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 0.00250474

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 0.00253150

short term up The short-term trend has been UP since Nov 27th, 2020 at 0.00247712

Smart Scan Analysis for HUFGBP

Based on our trend formula, HUFGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00247082 0.00248737 0.00246722 0.00248399 +0.00001300
Prev. Close Volume Bid Ask Time
0.00247082 2020-11-27 13:11:45
Get a free daily analysis and signals for Hungarian Forint/British Pound (HUFGBP) - Request Your Free Report.