Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Mexican Peso/Hungarian Forint (FOREX:MXNHUF)
Sidelines Mode (-55) - MXNHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 22nd, 2021 at 14.3005
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 14.3625
The short-term trend has been UP since Mar 1st, 2021 at 14.4665
Smart Scan Analysis for MXNHUF
Based on our trend formula, MXNHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).