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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.

FOREX_HUFMXN
Open High Low HUFMXN Price Change
0.06763004 0.06780996 0.06745176 0.06762132 -0.00000900
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term down The long-term trend has been DOWN since Mar 18th, 2021 at 0.06606298

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.06736221

short term up 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).

-65
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06763004 0.06780996 0.06745176 0.06762132 -0.00000900
Prev. Close Volume Bid Ask Time
0.06763004 2021-05-07 16:09:19
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