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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Strong Downtrend (-100) - HKDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDMXN continues to fall. Traders should use caution and set stops.

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.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.1232808 2.1247933 2.1141530 2.1171457 -0.0061350
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 2.1641986

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 2.1740150

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 2.1331993

Smart Scan Analysis for HKDMXN

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

-100
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1232808 2.1247933 2.1141530 2.1171457 -0.0061350
Prev. Close Volume Bid Ask Time
2.1232808 2024-03-29 10:08:04
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