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.
MarketClub’s Trade Triangles for HKDMXN
The long-term trend has been DOWN since Nov 1st, 2022 at 2.5172170
The intermediate-term trend has been UP since Mar 13th, 2023 at 2.3688905
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).