Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for CHFMXN
The long term trend has been UP since Oct 9th, 2017 at 19.09180
The intermediate term trend has been DOWN since Jan 15th, 2018 at 19.53725
The short term trend has been DOWN since Jan 15th, 2018 at 19.55335
Smart Scan Analysis for CHFMXN
Based on a pre-defined weighted trend formula for chart analysis, CHFMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).