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.
MarketClub’s Trade Triangles for MXNHUF
The long-term trend has been UP since Mar 18th, 2021 at 15.145
The intermediate-term trend has been DOWN since Apr 29th, 2021 at 14.853
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).