Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Bull Market Weakness (+75) - HKDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDMXN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been DOWN since Sep 9th, 2020 at 2.7693000
The intermediate-term trend has been UP since Jan 26th, 2021 at 2.6124989
The short-term trend has been UP since Feb 25th, 2021 at 2.6860295
Smart Scan Analysis for HKDMXN
Based on our trend formula, HKDMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).