Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Dec 19th, 2019 at 0.41219321
The intermediate term trend has been UP since Dec 12th, 2019 at 0.40809500
The short term trend has been UP since Jan 16th, 2020 at 0.41397528
Smart Scan Analysis for MXNHKD
Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).