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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.

FOREX_CHFMXN
Open High Low CHFMXN Price Change
20.185350 20.228990 20.139200 20.166392 -0.018958
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 19.404840

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 20.137135

short term down 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).

-55
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways 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
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