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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
14.4490 14.6715 14.4370 14.6545 +0.2055
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 14.3005

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 14.3625

short term up The short-term trend has been UP since Mar 1st, 2021 at 14.4665

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
14.4490 14.6715 14.4370 14.6545 +0.2055
Prev. Close Volume Bid Ask Time
14.4490 2021-03-01 12:04:48
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