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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Strong Downtrend (-100) - MXNHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNHUF continues to fall. Traders should use caution and set stops.

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.

FOREX_MXNHUF
Open High Low MXNHUF Price Change
19.6895 19.7495 19.5660 19.5720 -0.1175
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 20.7330

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 21.7410

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 20.2185

Smart Scan Analysis for MXNHUF

Based on our trend formula, MXNHUF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.6895 19.7495 19.5660 19.5720 -0.1175
Prev. Close Volume Bid Ask Time
19.6895 2024-07-25 06:24:43
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