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Forex Trend Analysis Report
Prepared for you on Wednesday, December 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.
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MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been DOWN since Dec 3rd, 2024 at 0.05143643
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 0.05254125
The short-term trend has been DOWN since Nov 28th, 2024 at 0.05176664
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05155151 | 0.05157774 | 0.05149320 | 0.05149840 | -0.00005300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05155151 | 2024-12-04 02:50:08 |