Forex Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for HKDMXN
The long term trend has been UP since Oct 5th, 2017 at 2.356765
The intermediate term trend has been DOWN since Jan 12th, 2018 at 2.431800
The short term trend has been DOWN since Jan 12th, 2018 at 2.450480
Smart Scan Analysis for HKDMXN
Based on a pre-defined weighted trend formula for chart analysis, HKDMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).