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Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

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
2.5647192 2.5661704 2.5619690 2.5622450 -0.0024740
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term up The long-term trend has been UP since Mar 4th, 2021 at 2.7137355

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2021 at 2.6243448

short term up The short-term trend has been UP since Apr 13th, 2021 at 2.6004968

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
2.5647192 2.5661704 2.5619690 2.5622450 -0.0024740
Prev. Close Volume Bid Ask Time
2.5647192 2021-05-09 18:14:55
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