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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

Mexican Peso/Hong Kong Dollar (FOREX:MXNHKD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.404065 0.404625 0.403895 0.404565 +0.000500
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term down The long term trend has been DOWN since May 31st, 2019 at 0.400050

intermediate term up The intermediate term trend has been UP since Sep 9th, 2019 at 0.401525

short term up The short term trend has been UP since Sep 18th, 2019 at 0.404295

Smart Scan Analysis for MXNHKD

Based on a pre-defined weighted trend formula for chart analysis, MXNHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.404065 0.404625 0.403895 0.404565 +0.000500
Prev. Close Volume Bid Ask Time
0.404065 0.404500 0.404630 2019-09-18 08:05:36
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