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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Weak Downtrend (-65) - HUFMXN is showing signs of a strengthening downtrend. Monitor HUFMXN as it may be building momentum to the downside.
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 Nov 15th, 2024 at 0.05254125
The short-term trend has been DOWN since Nov 15th, 2024 at 0.05264501
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05219635 | 0.05224048 | 0.05197148 | 0.05200718 | -0.00018900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05219635 | 2024-11-20 03:45:18 |