Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Bull Market Weakness (+75) - MXNHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNHKD as it may be in the beginning stages of a reversal.
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 DOWN since Feb 28th, 2020 at 0.398835
The intermediate-term trend has been UP since May 11th, 2020 at 0.328965
The short-term trend has been UP since May 18th, 2020 at 0.326345
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).