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.
MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been UP since Dec 13th, 2022 at 0.05123949
The intermediate-term trend has been UP since Jan 22nd, 2023 at 0.05238082
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).