Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDMXN
The long term trend has been DOWN since Mar 20th, 2019 at 2.407100
The intermediate term trend has been DOWN since Mar 19th, 2019 at 2.424235
The short term trend has been UP since Mar 22nd, 2019 at 2.430420
Smart Scan Analysis for HKDMXN
Based on a pre-defined weighted trend formula for chart analysis, HKDMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).