Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Long-Term Uptrend (+90) - HUFMXN is in a strong uptrend that is likely to continue. While HUFMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Dec 13th, 2022 at 0.05123949
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.05218071
The short-term trend has been UP since Mar 21st, 2023 at 0.05117863
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).