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Forex Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

Hungarian Forint/Mexican Peso (FOREX:HUFMXN)

Sidelines Mode (-55) - HUFMXN 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 HUFMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFMXN
Open High Low HUFMXN Price Change
0.07265362 0.07276077 0.07243680 0.07252204 -0.00013200
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term up The long-term trend has been UP since Mar 5th, 2020 at 0.06559352

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2020 at 0.07122125

short term up The short-term trend has been UP since Jul 7th, 2020 at 0.07202773

Smart Scan Analysis for HUFMXN

Based on our trend formula, HUFMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07265362 0.07276077 0.07243680 0.07252204 -0.00013200
Prev. Close Volume Bid Ask Time
0.07265362 0.07231079 0.07273329 2020-07-09 08:02:51
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