Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Sidelines Mode (-55) - MXNHKD 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 MXNHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNHKD
The long-term trend has been DOWN since Oct 1st, 2021 at 0.37636153
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.38543000
The short-term trend has been UP since Oct 13th, 2021 at 0.37604000
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).