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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 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.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.5964100 2.5968371 2.5882397 2.5907200 -0.0056900
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.2225839

intermediate term up The intermediate-term trend has been UP since Oct 16th, 2024 at 2.5511445

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 2.6066050

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).

+55
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5964100 2.5968371 2.5882397 2.5907200 -0.0056900
Prev. Close Volume Bid Ask Time
2.5964100 2024-12-09 04:20:01
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