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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

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
0.05228998 0.05232580 0.05158495 0.05170301 -0.00058700
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term up The long-term trend has been UP since Dec 13th, 2022 at 0.05123949

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2023 at 0.05238082

short term down The short-term trend has been DOWN since Feb 6th, 2023 at 0.05238035

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
0.05228998 0.05232580 0.05158495 0.05170301 -0.00058700
Prev. Close Volume Bid Ask Time
0.05228998 2023-02-07 23:38:11
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