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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Hungarian Forint/Mexican Peso (FOREX:HUFMXN)

Strong Downtrend (-100) - HUFMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFMXN continues to fall. Traders should use caution and set stops.

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
0.04684116 0.04687834 0.04674901 0.04679343 -0.00004800
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 0.04753467

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 0.04856790

short term down The short-term trend has been DOWN since Feb 26th, 2024 at 0.04755154

Smart Scan Analysis for HUFMXN

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

-100
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04684116 0.04687834 0.04674901 0.04679343 -0.00004800
Prev. Close Volume Bid Ask Time
0.04684116 2024-03-04 04:20:30
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