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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Sidelines Mode (+55) - HUFMXN 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 HUFMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been DOWN since Feb 5th, 2024 at 0.04753467
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.04599737
The short-term trend has been DOWN since May 7th, 2024 at 0.04668829
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04679348 | 0.04699793 | 0.04677619 | 0.04691640 | +0.00012300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04679348 | 2024-05-09 11:20:41 |