Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Feb 28th, 2020 at 2.50695
The intermediate-term trend has been DOWN since May 11th, 2020 at 3.03897
The short-term trend has been DOWN since May 18th, 2020 at 3.06513
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).