Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
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.
MarketClub’s Trade Triangles for MXNHUF
The long-term trend has been DOWN since Dec 13th, 2022 at 19.5130
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 19.1625
The short-term trend has been DOWN since Mar 21st, 2023 at 19.5270
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).