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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Weak Downtrend (-65) - MXNHUF is showing signs of a strengthening downtrend. Monitor MXNHUF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNHUF
Open High Low MXNHUF Price Change
15.3950 15.4745 15.3335 15.4310 +0.0360
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term up The long-term trend has been UP since Jul 14th, 2021 at 15.2480

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 15.4435

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 15.3105

Smart Scan Analysis for MXNHUF

Based on our trend formula, MXNHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.3950 15.4745 15.3335 15.4310 +0.0360
Prev. Close Volume Bid Ask Time
15.3950 2022-01-21 17:06:23
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