Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Strong Downtrend (-100) - MXNHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNHUF continues to fall. Traders should use caution and set stops.

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
19.1520 19.1670 19.1470 19.1565 +0.0045
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long-term trend has been DOWN since Dec 13th, 2022 at 19.5130

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 19.1625

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 19.5270

Smart Scan Analysis for MXNHUF

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

-100
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.1520 19.1670 19.1470 19.1565 +0.0045
Prev. Close Volume Bid Ask Time
19.1520 2023-03-23 01:23:36
Get a free daily analysis and signals for Mexican Peso/Hungarian Forint (MXNHUF) - Request Your Free Report.