Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Bull Market Weakness (+75) - HUFMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFMXN as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for HUFMXN
The long-term trend has been DOWN since Jul 14th, 2021 at 0.06559010
The intermediate-term trend has been UP since Jan 10th, 2022 at 0.06474616
The short-term trend has been UP since Jan 2nd, 2022 at 0.06326764
Smart Scan Analysis for HUFMXN
Based on our trend formula, HUFMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).