Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Weak Downtrend (-65) - HUFMXN is showing signs of a strengthening downtrend. Monitor HUFMXN as it may be building momentum to the downside.
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 DOWN since Mar 18th, 2021 at 0.06606298
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.06736221
The short-term trend has been UP since Apr 20th, 2021 at 0.06641891
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).