Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

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
2.3477690 2.3522542 2.3348684 2.3375250 -0.0102440
Entry Signal

MarketClub’s Trade Triangles for HKDMXN

long term down The long-term trend has been DOWN since Nov 1st, 2022 at 2.5172170

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 2.3688905

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 2.3740208

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
2.3477690 2.3522542 2.3348684 2.3375250 -0.0102440
Prev. Close Volume Bid Ask Time
2.3477690 2023-03-27 13:40:51
Get a free daily analysis and signals for Hong Kong Dollar/Mexican Peso (HKDMXN) - Request Your Free Report.