Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)

Sidelines Mode (-55) - MXNHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

Open	High	Low	MXNHKD Price	Change
0.38138186	0.38298062	0.37956220	0.38177500	+0.00039300
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

The long-term trend has been DOWN since Oct 1st, 2021 at 0.37636153

The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.38543000

The short-term trend has been UP since Oct 13th, 2021 at 0.37604000

Smart Scan Analysis for MXNHKD

Based on our trend formula, MXNHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.38138186	0.38298062	0.37956220	0.38177500	+0.00039300
Prev. Close	Volume	Bid	Ask	Time
0.38138186				2021-10-18 23:42:18

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