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Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Sidelines Mode (-55) - HKDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Mar 4th, 2021 at 2.7137355
The intermediate-term trend has been DOWN since Mar 17th, 2021 at 2.6243448
The short-term trend has been UP since Apr 13th, 2021 at 2.6004968
Smart Scan Analysis for HKDMXN
Based on our trend formula, HKDMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5621150 | 2.5629050 | 2.5492701 | 2.5522916 | -0.0098230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5621150 | 2021-04-19 19:17:09 |