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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Bear Market Rally (-75) - CHFMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFMXN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CHFMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 18.827585
The intermediate-term trend has been UP since Apr 14th, 2024 at 18.468432
The short-term trend has been DOWN since May 7th, 2024 at 18.593919
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.628096 | 18.662556 | 18.613804 | 18.627124 | -0.000972 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.628096 | 2024-05-09 07:38:34 |