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Forex Trend Analysis Report

Prepared for you on Friday, May 14, 2021.

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
14.8200 14.8310 14.7080 14.7195 -0.1005
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term up The long-term trend has been UP since Mar 18th, 2021 at 15.145

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2021 at 14.853

short term down The short-term trend has been DOWN since May 12th, 2021 at 14.729

Smart Scan Analysis for MXNHUF

Based on our trend formula, MXNHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.8200 14.8310 14.7080 14.7195 -0.1005
Prev. Close Volume Bid Ask Time
14.8200 2021-05-14 17:13:24
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