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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Weak Uptrend (+65) - CHFMXN is showing signs of weakening momentum to the upside. Monitor CHFMXN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CHFMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been UP since Jun 4th, 2024 at 20.042000
The intermediate-term trend has been UP since Oct 30th, 2024 at 23.245124
The short-term trend has been DOWN since Nov 14th, 2024 at 22.952023
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.773219 | 22.795948 | 22.740133 | 22.789400 | +0.016181 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.773219 | 2024-11-20 03:45:52 |