Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Mar 3rd, 2017 at 19.49075
The intermediate term trend has been UP since Aug 28th, 2017 at 18.76815
The short term trend has been DOWN since Sep 20th, 2017 at 18.32710
Smart Scan Analysis for CHFMXN
Based on a pre-defined weighted trend formula for chart analysis, CHFMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).