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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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.

FOREX_HUFMXN
Open High Low HUFMXN Price Change
0.04543025 0.04547616 0.04538895 0.04546003 +0.00003000
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 0.04753467

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 0.04856790

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.04606891

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).

-90
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04543025 0.04547616 0.04538895 0.04546003 +0.00003000
Prev. Close Volume Bid Ask Time
0.04543025 2024-03-29 01:29:08
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