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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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.37346953 0.37692257 0.37168500 0.37621000 +0.00274000
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term up The long-term trend has been UP since Sep 9th, 2020 at 0.36110500

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.38277529

short term down 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).

-60
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37346953 0.37692257 0.37168500 0.37621000 +0.00274000
Prev. Close Volume Bid Ask Time
0.37346953 2021-03-01 12:15:22
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