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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Strong Uptrend (+100) - HKDMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_HKDMXN
Open High Low HKDMXN Price Change
2.1975450 2.2074900 2.1863150 2.1923364 -0.0052090
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.2225839

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 2.1363450

short term up The short-term trend has been UP since Apr 25th, 2024 at 2.2010961

Smart Scan Analysis for HKDMXN

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

+100
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1975450 2.2074900 2.1863150 2.1923364 -0.0052090
Prev. Close Volume Bid Ask Time
2.1975450 2024-04-26 17:04:58
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