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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Countertrend Up (+85) - HKDMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HKDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Apr 18th, 2024 at 2.2225839
The intermediate-term trend has been UP since Apr 15th, 2024 at 2.1363450
The short-term trend has been DOWN since Apr 29th, 2024 at 2.1739350
Smart Scan Analysis for HKDMXN
Based on our trend formula, HKDMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.1677912 | 2.1704643 | 2.1641285 | 2.1700380 | +0.0022470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.1677912 | 2024-05-02 05:30:55 |