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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.

Open High Low MXNHKD Price Change
0.414970 0.415005 0.413755 0.414445 -0.000525
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 up The intermediate term trend has been UP since Dec 12th, 2018 at 0.390800

short term up 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).

Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.414970 0.415005 0.413755 0.414445 -0.000525
Prev. Close Volume Bid Ask Time
0.414970 0.414350 0.414540 2019-01-17 06:37:00
Want to analyze Mexican Peso/Hong Kong Dollar MXNHKD or another symbol? Try our Free Forex Trend Analysis Report.