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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Mexican Peso/Swiss Franc (FOREX:MXNCHF)

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.

FOREX_MXNCHF
Open High Low MXNCHF Price Change
0.051716 0.051777 0.051309 0.051355 -0.000361
Entry Signal

MarketClub’s Trade Triangles for MXNCHF

long term up The long term trend has been UP since Aug 6th, 2018 at 0.053685

intermediate term down The intermediate term trend has been DOWN since Oct 22nd, 2018 at 0.051415

short term down The short term trend has been DOWN since Oct 18th, 2018 at 0.052265

Smart Scan Analysis for MXNCHF

Based on a pre-defined weighted trend formula for chart analysis, MXNCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MXNCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.051716 0.051777 0.051309 0.051355 -0.000361
Prev. Close Volume Bid Ask Time
0.051716 0.051340 0.051370 2018-10-22 20:35:26
Want to analyze Mexican Peso/Swiss Franc MXNCHF or another symbol? Try our Free Forex Trend Analysis Report.