Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Long-Term Downtrend (-90) - HUFMXN is in a strong downtrend that is likely to continue. While HUFMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been DOWN since Jul 14th, 2021 at 0.06559010
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.06556466
The short-term trend has been DOWN since Oct 13th, 2021 at 0.06623156
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).