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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

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
2.1433357 2.1812450 2.1396050 2.1735411 +0.0302050
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 2.1641986

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 2.1363450

short term up The short-term trend has been UP since Apr 10th, 2024 at 2.1067250

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
2.1433357 2.1812450 2.1396050 2.1735411 +0.0302050
Prev. Close Volume Bid Ask Time
2.1433357 2024-04-16 15:38:12
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