Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Oct 1st, 2021 at 2.6569650
The intermediate-term trend has been UP since Sep 28th, 2021 at 2.5944745
The short-term trend has been DOWN since Oct 13th, 2021 at 2.6591850
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).