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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Countertrend Down (-85) - MXNHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MXNHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNHKD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.44992679
The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 0.37181000
The short-term trend has been UP since Feb 3rd, 2025 at 0.38188500
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.379855 | 0.380355 | 0.376185 | 0.376670 | -0.003185 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.379855 | 2025-02-05 09:55:02 |