Free Daily Analysis

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.

FOREX_MXNHUF
Open High Low MXNHUF Price Change
22.0525 22.1535 21.9305 21.9735 -0.0790
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term up The long-term trend has been UP since Feb 5th, 2024 at 21.0445

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2024 at 20.5915

short term up 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).

+90
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Mexican Peso/Hungarian Forint (MXNHUF) - Request Your Free Report.