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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Sidelines Mode (-55) - CHFMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 1st, 2023 at 19.404840
The intermediate-term trend has been UP since Mar 12th, 2023 at 20.137135
The short-term trend has been DOWN since Mar 22nd, 2023 at 20.142728
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.185350 | 20.228990 | 20.139200 | 20.166392 | -0.018958 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.185350 | 2023-03-22 06:26:48 |