Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Bear Market Rally (-75) - HUFMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFMXN as it may be in the beginning of a reversal.
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 Feb 5th, 2024 at 0.04753467
The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 0.04856790
The short-term trend has been UP since Mar 17th, 2024 at 0.04636308
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.04636573 | 0.04649544 | 0.04628287 | 0.04648890 | +0.00012300 |
Prev. Close | Volume | Bid | Ask | Time |
0.04636573 | 2024-03-19 08:43:28 |