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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

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
0.06706672 0.06778562 0.06698890 0.06768765 +0.00062100
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term down The long-term trend has been DOWN since Sep 15th, 2020 at 0.06976945

intermediate term down The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.07375990

short term up The short-term trend has been UP since Nov 30th, 2020 at 0.06645181

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
0.06706672 0.06778562 0.06698890 0.06768765 +0.00062100
Prev. Close Volume Bid Ask Time
0.06706672 2020-12-01 12:12:23
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