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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.36726834 0.36835661 0.36625144 0.36728975 +0.00002100
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.37636153

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2021 at 0.37229279

short term up The short-term trend has been UP since Nov 30th, 2021 at 0.36084408

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).

-85
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36726834 0.36835661 0.36625144 0.36728975 +0.00002100
Prev. Close Volume Bid Ask Time
0.36726834 2021-12-06 16:57:57
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