Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Mexican Peso/Hungarian Forint (FOREX:MXNHUF)
Bull Market Weakness (+75) - MXNHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNHUF as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for MXNHUF
The long-term trend has been DOWN since Jun 3rd, 2024 at 20.7330
The intermediate-term trend has been UP since Nov 19th, 2024 at 19.0685
The short-term trend has been UP since Nov 15th, 2024 at 19.0045
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.1405 | 19.2500 | 19.1335 | 19.2380 | +0.0975 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.1405 | 2024-11-21 06:54:25 |