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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
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 UP since Jun 3rd, 2024 at 0.04814865
The intermediate-term trend has been DOWN since Sep 15th, 2024 at 0.05384126
The short-term trend has been DOWN since Oct 1st, 2024 at 0.05480030
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 |
|---|---|---|---|---|
| 0.05315673 | 0.05325972 | 0.05219873 | 0.05272299 | -0.00043400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05315673 | 2024-10-04 17:02:55 |