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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Crossroads (+60) - MXNHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MXNHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNHUF
Open High Low MXNHUF Price Change
14.1245 14.1275 14.0430 14.0910 -0.0335
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 15.248

intermediate term up The intermediate-term trend has been UP since May 14th, 2020 at 13.748

short term up The short-term trend has been UP since Jun 2nd, 2020 at 14.214

Smart Scan Analysis for MXNHUF

Based on our trend formula, MXNHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.1245 14.1275 14.0430 14.0910 -0.0335
Prev. Close Volume Bid Ask Time
14.1245 14.0850 14.0970 2020-06-04 05:09:56
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