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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Weak Downtrend (-65) - HKDMXN is showing signs of a strengthening downtrend. Monitor HKDMXN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid HKDMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.3691296 2.3946136 2.3462060 2.3492124 -0.0199170
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Nov 1st, 2022 at 2.5172170

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 2.3688905

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 2.3740208

Smart Scan Analysis for HKDMXN

Based on our trend formula, HKDMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3691296 2.3946136 2.3462060 2.3492124 -0.0199170
Prev. Close Volume Bid Ask Time
2.3691296 2023-03-24 19:13:08
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