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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Swiss Franc/Mexican Peso (FOREX:CHFMXN)

Bear Market Rally (-75) - CHFMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFMXN as it may be in the beginning 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.

FOREX_CHFMXN
Open High Low CHFMXN Price Change
19.763550 19.953510 19.688946 19.949750 +0.186200
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 18.827585

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2023 at 19.303687

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 19.449172

Smart Scan Analysis for CHFMXN

Based on our trend formula, CHFMXN is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.763550 19.953510 19.688946 19.949750 +0.186200
Prev. Close Volume Bid Ask Time
19.763550 2023-12-04 12:10:00
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