Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MXNHKD
The long term trend has been DOWN since May 2nd, 2018 at 0.409955
The intermediate term trend has been UP since Jun 26th, 2018 at 0.394975
The short term trend has been UP since Jul 12th, 2018 at 0.415640
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).