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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.409355 2.415685 2.406175 2.406275 -0.003080
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long term trend has been DOWN since Aug 6th, 2018 at 2.357265

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2018 at 2.383435

short term up The short term trend has been UP since Oct 18th, 2018 at 2.412605

Smart Scan Analysis for HKDMXN

Based on a pre-defined weighted trend formula for chart analysis, HKDMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.409355 2.415685 2.406175 2.406275 -0.003080
Prev. Close Volume Bid Ask Time
2.409355 2.405720 2.406830 2018-10-18 05:22:34
Want to analyze Hong Kong Dollar/Mexican Peso HKDMXN or another symbol? Try our Free Forex Trend Analysis Report.