Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Mexican Peso/Hungarian Forint (FOREX:MXNHUF)
Sidelines Mode (+50) - MXNHUF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MXNHUF can gain momentum.
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 Jun 3rd, 2024 at 20.7330
The intermediate-term trend has been UP since Sep 15th, 2024 at 18.5825
The short-term trend has been UP since Oct 23rd, 2024 at 18.7295
Smart Scan Analysis for MXNHUF
Based on our trend formula, MXNHUF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.7790 | 18.8865 | 18.6860 | 18.7390 | -0.0400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.7790 | 2024-10-25 17:05:32 |