Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)
Long-Term Uptrend (+90) - MXNHKD is in a strong uptrend that is likely to continue. While MXNHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Sep 9th, 2020 at 0.36110500
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.37200265
The short-term trend has been UP since Dec 2nd, 2020 at 0.38783000
Smart Scan Analysis for MXNHKD
Based on our trend formula, MXNHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).