Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Bull Market Weakness (+75) - MXNHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNHKD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MXNHKD
The long-term trend has been UP since Nov 1st, 2022 at 0.39733806
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.42214500
The short-term trend has been UP since Mar 21st, 2023 at 0.42122630
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).