Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MXNHKD
The long term trend has been DOWN since Oct 31st, 2018 at 0.388515
The intermediate term trend has been DOWN since Oct 19th, 2018 at 0.408125
The short term trend has been DOWN since Nov 8th, 2018 at 0.388885
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).