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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.

FOREX_MXNHKD
Open High Low MXNHKD Price Change
0.38739000 0.39026000 0.38706000 0.38930879 +0.00191900
Entry Signal

MarketClub’s Trade Triangles for MXNHKD

long term up The long-term trend has been UP since Sep 9th, 2020 at 0.36110500

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.37200265

short term up 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).

+90
Smart Scan Analysis for MXNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38739000 0.39026000 0.38706000 0.38930879 +0.00191900
Prev. Close Volume Bid Ask Time
0.38739000 2020-12-03 15:14:19
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