Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNHKD
The long term trend has been DOWN since May 31st, 2019 at 0.40005
The intermediate term trend has been DOWN since May 9th, 2019 at 0.40865
The short term trend has been DOWN since Jun 14th, 2019 at 0.40704
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).