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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.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.6775946 2.6860135 2.6677362 2.6846729 +0.0070780
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 2.7693000

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2021 at 2.6124989

short term up 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).

+70
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6775946 2.6860135 2.6677362 2.6846729 +0.0070780
Prev. Close Volume Bid Ask Time
2.6775946 2021-03-01 04:56:06
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