Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Weak Downtrend (-65) - HKDMXN is showing signs of a strengthening downtrend. Monitor HKDMXN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HKDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been DOWN since Sep 9th, 2020 at 2.76930
The intermediate-term trend has been DOWN since Oct 18th, 2020 at 2.72130
The short-term trend has been UP since Oct 28th, 2020 at 2.72138
Smart Scan Analysis for HKDMXN
Based on our trend formula, HKDMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).