Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)
Bull Market Weakness (+75) - HKDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDMXN as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been UP since Oct 1st, 2021 at 2.6569650
The intermediate-term trend has been UP since Nov 1st, 2021 at 2.6861900
The short-term trend has been DOWN since Nov 30th, 2021 at 2.7712814
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).