Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Bull Market Weakness (+75) - MXNCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCHF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCHF.
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 MXNCHF
The long-term trend has been UP since Dec 1st, 2023 at 0.05311750
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.05414645
The short-term trend has been UP since May 7th, 2024 at 0.05377987
Smart Scan Analysis for MXNCHF
Based on our trend formula, MXNCHF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05375372 | 0.05383960 | 0.05350800 | 0.05369150 | -0.00006200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05375372 | 2024-05-08 23:36:49 |