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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Crossroads (+60) - HUFMXN is struggling to move into a solid trend. Beware of choppy markets 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 Dec 3rd, 2024 at 0.05143643
The intermediate-term trend has been UP since Dec 30th, 2024 at 0.05201411
The short-term trend has been UP since Jan 10th, 2025 at 0.05109654
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05186035 | 0.05214661 | 0.05169565 | 0.05173928 | -0.00012100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05186035 | 2025-01-20 09:47:28 |