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Forex Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Sidelines Mode (-55) - MXNHUF 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 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
15.4415 15.5295 15.3835 15.4100 -0.0315
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term up The long-term trend has been UP since Jul 14th, 2021 at 15.2480

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 15.4435

short term up The short-term trend has been UP since Jan 24th, 2022 at 15.4745

Smart Scan Analysis for MXNHUF

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

-55
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.4415 15.5295 15.3835 15.4100 -0.0315
Prev. Close Volume Bid Ask Time
15.4415 2022-01-27 19:39:28
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