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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.46150187 0.46273156 0.46093348 0.46158601 +0.00008400
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.46206516

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.46809936

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.47463738

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).

-70
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46150187 0.46273156 0.46093348 0.46158601 +0.00008400
Prev. Close Volume Bid Ask Time
0.46150187 2024-04-18 07:51:13
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