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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.38502106 0.38584248 0.38357922 0.38402500 -0.00099600
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.44992679

intermediate term up The intermediate-term trend has been UP since Dec 13th, 2024 at 0.38790796

short term up The short-term trend has been UP since Dec 20th, 2024 at 0.38703909

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).

-60
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38502106 0.38584248 0.38357922 0.38402500 -0.00099600
Prev. Close Volume Bid Ask Time
0.38502106 2024-12-26 19:14:15
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