Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Crossroads (-60) - MXNHKD is struggling to move into a solid trend. Beware of choppy markets 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 UP since Sep 9th, 2020 at 0.36110500
The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.38277529
The short-term trend has been DOWN since Feb 25th, 2021 at 0.37224438
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).