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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MXNHUF
Open High Low MXNHUF Price Change
14.9680 15.0130 14.8645 14.8790 -0.0890
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long term trend has been DOWN since Jun 7th, 2019 at 14.3550

intermediate term down The intermediate term trend has been DOWN since Aug 4th, 2019 at 15.1900

short term up The short term trend has been UP since Aug 13th, 2019 at 14.9435

Smart Scan Analysis for MXNHUF

Based on a pre-defined weighted trend formula for chart analysis, MXNHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.9680 15.0130 14.8645 14.8790 -0.0890
Prev. Close Volume Bid Ask Time
14.968 14.8680 14.8900 2019-08-16 18:18:36
Want to analyze Mexican Peso/Hungarian Forint MXNHUF or another symbol? Try our Free Forex Trend Analysis Report.