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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Long-Term Downtrend (-90) - MXNHKD is in a strong downtrend that is likely to continue. While MXNHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MXNHKD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.44992679
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.42240054
The short-term trend has been DOWN since Jul 18th, 2024 at 0.43704000
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.42384215 | 0.42652173 | 0.42193133 | 0.42292697 | -0.00091500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.42384215 | 2024-07-26 17:00:42 |