Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since May 31st, 2018 at 20.32855
The intermediate term trend has been DOWN since Jun 25th, 2018 at 20.13785
The short term trend has been DOWN since Jul 3rd, 2018 at 19.71715
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).