Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Apr 3rd, 2018 at 18.99930
The intermediate term trend has been UP since Apr 23rd, 2018 at 19.24475
The short term trend has been UP since May 14th, 2018 at 19.51070
Smart Scan Analysis for CHFMXN
Based on a pre-defined weighted trend formula for chart analysis, CHFMXN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).