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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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.382120 0.382510 0.381325 0.382270 +0.000150
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term down The long term trend has been DOWN since Oct 31st, 2018 at 0.388515

intermediate term down The intermediate term trend has been DOWN since Oct 19th, 2018 at 0.408125

short term down 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).

-90
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.382120 0.382510 0.381325 0.382270 +0.000150
Prev. Close Volume Bid Ask Time
0.382120 0.382190 0.382350 2018-11-14 07:00:26
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