Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Oct 31st, 2018 at 0.388515
The intermediate term trend has been UP since Mar 19th, 2019 at 0.412415
The short term trend has been UP since Mar 12th, 2019 at 0.405100
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).