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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Sidelines Mode (+55) - HKDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Apr 18th, 2024 at 2.2225839
The intermediate-term trend has been UP since Oct 16th, 2024 at 2.5511445
The short-term trend has been DOWN since Nov 15th, 2024 at 2.6168660
Smart Scan Analysis for HKDMXN
Based on our trend formula, HKDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5849950 | 2.5894127 | 2.5838826 | 2.5856800 | +0.0006850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5849950 | 2024-11-20 03:25:31 |