Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Oct 31st, 2018 at 0.388515
The intermediate term trend has been UP since Dec 12th, 2018 at 0.390800
The short term trend has been UP since Jan 4th, 2019 at 0.401040
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).