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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Bear Market Rally (-75) - HKDMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDMXN as it may be in the beginning of a reversal.

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
2.1542624 2.1565850 2.1507777 2.1547850 +0.0005230
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 2.1641986

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 2.1740150

short term up The short-term trend has been UP since Mar 18th, 2024 at 2.1400212

Smart Scan Analysis for HKDMXN

Based on our trend formula, HKDMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1542624 2.1565850 2.1507777 2.1547850 +0.0005230
Prev. Close Volume Bid Ask Time
2.1542624 2024-03-19 03:02:15
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