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.
MarketClub’s Trade Triangles for HKDMXN
The long term trend has been DOWN since Aug 6th, 2018 at 2.357265
The intermediate term trend has been DOWN since Sep 30th, 2018 at 2.383435
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).