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.
MarketClub’s Trade Triangles for MXNHUF
The long-term trend has been DOWN since Oct 19th, 2023 at 19.7235
The intermediate-term trend has been DOWN since Oct 5th, 2023 at 20.3565
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).