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.
MarketClub’s Trade Triangles for MXNCHF
The long term trend has been UP since Aug 6th, 2018 at 0.053685
The intermediate term trend has been DOWN since Oct 22nd, 2018 at 0.051415
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).