Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
Mexican Peso/Hungarian Forint (FOREX:MXNHUF)
Long-Term Uptrend (+90) - MXNHUF is in a strong uptrend that is likely to continue. While MXNHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 5th, 2024 at 21.0445
The intermediate-term trend has been UP since Jan 22nd, 2024 at 20.5915
The short-term trend has been UP since Mar 20th, 2024 at 21.7045
Smart Scan Analysis for MXNHUF
Based on our trend formula, MXNHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
22.0525 | 22.1535 | 21.9305 | 21.9735 | -0.0790 |
Prev. Close | Volume | Bid | Ask | Time |
22.0525 | 2024-03-28 14:48:04 |