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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 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 positive trend to resume. Uptrend 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.

Open High Low MXNHUF Price Change
15.3280 15.3435 15.2210 15.2485 -0.0795
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term up The long term trend has been UP since Apr 1st, 2019 at 14.970

intermediate term up The intermediate term trend has been UP since Mar 21st, 2019 at 14.695

short term down The short term trend has been DOWN since May 24th, 2019 at 15.286

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).

Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.3280 15.3435 15.2210 15.2485 -0.0795
Prev. Close Volume Bid Ask Time
15.3280 15.2270 15.2700 2019-05-24 18:18:56
Want to analyze Mexican Peso/Hungarian Forint MXNHUF or another symbol? Try our Free Forex Trend Analysis Report.