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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been DOWN since Sep 9th, 2020 at 2.769300
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 2.688130
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).