Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Weak Downtrend (-65) - MXNHKD is showing signs of a strengthening downtrend. Monitor MXNHKD as it may be building momentum to the downside.
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 UP since Feb 16th, 2022 at 0.38469781
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.39251500
The short-term trend has been DOWN since Jun 28th, 2022 at 0.39172325
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).