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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Hungarian Forint/Mexican Peso (FOREX:HUFMXN)

Sidelines Mode (+55) - HUFMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_HUFMXN
Open High Low HUFMXN Price Change
0.04643067 0.04643165 0.04640355 0.04641793 -0.00001300
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 up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.04599737

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 0.04599995

Smart Scan Analysis for HUFMXN

Based on our trend formula, HUFMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04643067 0.04643165 0.04640355 0.04641793 -0.00001300
Prev. Close Volume Bid Ask Time
0.04643067 2024-04-25 00:16:10
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