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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Strong Downtrend (-100) - HKDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
2.583575 2.598855 2.575205 2.579665 -0.003910
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 2.769300

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 2.688130

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 2.579425

Smart Scan Analysis for HKDMXN

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

-100
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.583575 2.598855 2.575205 2.579665 -0.003910
Prev. Close Volume Bid Ask Time
2.583575 2020-12-02 22:26:29
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