Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 12th, 2018 at 0.051776
The short term trend has been UP since Aug 15th, 2018 at 0.052680
Smart Scan Analysis for MXNCHF
Based on a pre-defined weighted trend formula for chart analysis, MXNCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).