Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
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.
MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been DOWN since Jul 14th, 2021 at 0.06559010
The intermediate-term trend has been DOWN since Feb 18th, 2022 at 0.06438545
The short-term trend has been DOWN since Jul 3rd, 2022 at 0.05256588
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).