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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Sidelines Mode (-55) - MXNHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNHKD.
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 MXNHKD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.44992679
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.46809936
The short-term trend has been UP since Apr 29th, 2024 at 0.45965556
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.46193500 | 0.46209390 | 0.46071038 | 0.46121500 | -0.00072000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.46193500 | 2024-05-09 06:31:39 |