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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Weak Downtrend (-65) - MXNHUF is showing signs of a strengthening downtrend. Monitor MXNHUF as it may be building momentum to the downside.

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
20.2620 20.2870 20.1515 20.1865 -0.0755
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long-term trend has been DOWN since Oct 19th, 2023 at 19.7235

intermediate term down The intermediate-term trend has been DOWN since Oct 5th, 2023 at 20.3565

short term up The short-term trend has been UP since Dec 1st, 2023 at 20.2410

Smart Scan Analysis for MXNHUF

Based on our trend formula, MXNHUF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.2620 20.2870 20.1515 20.1865 -0.0755
Prev. Close Volume Bid Ask Time
20.2620 2023-12-04 11:47:15
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