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.
MarketClub’s Trade Triangles for MXNHUF
The long-term trend has been DOWN since Mar 2nd, 2020 at 15.248
The intermediate-term trend has been UP since May 14th, 2020 at 13.748
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).