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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Long-Term Uptrend (+90) - HUFMXN is in a strong uptrend that is likely to continue. While HUFMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 3rd, 2024 at 0.04814865
The intermediate-term trend has been UP since May 28th, 2024 at 0.04741585
The short-term trend has been UP since Jul 15th, 2024 at 0.04941945
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05096777 | 0.05139631 | 0.05070776 | 0.05128306 | +0.00031500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05096777 | 2024-07-26 17:00:05 |