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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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 HKDMXN Price Change
2.406595 2.420035 2.406285 2.416750 +0.010155
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term up The long term trend has been UP since May 2nd, 2018 at 2.439285

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2018 at 2.531820

short term up The short term trend has been UP since Jul 18th, 2018 at 2.414755

Smart Scan Analysis for HKDMXN

Based on a pre-defined weighted trend formula for chart analysis, HKDMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.406595 2.420035 2.406285 2.416750 +0.010155
Prev. Close Volume Bid Ask Time
2.406595 2.416300 2.417200 2018-07-18 08:37:46
Want to analyze Hong Kong Dollar/Mexican Peso HKDMXN or another symbol? Try our Free Forex Trend Analysis Report.