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Forex Trend Analysis Report

Prepared for you on Wednesday, October 28, 2020.

Hong Kong Dollar/Mexican Peso (FOREX:HKDMXN)

Weak Downtrend (-65) - HKDMXN is showing signs of a strengthening downtrend. Monitor HKDMXN as it may be building momentum to the downside.

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
2.7170000 2.7566700 2.7112722 2.7360500 +0.0190500
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 2.76930

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2020 at 2.72130

short term up The short-term trend has been UP since Oct 28th, 2020 at 2.72138

Smart Scan Analysis for HKDMXN

Based on our trend formula, HKDMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7170000 2.7566700 2.7112722 2.7360500 +0.0190500
Prev. Close Volume Bid Ask Time
2.7170000 2020-10-28 13:57:23
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