Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Countertrend Up (+85) - CHFMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been UP since Oct 6th, 2021 at 22.349850
The intermediate-term trend has been UP since Sep 28th, 2021 at 21.856959
The short-term trend has been DOWN since Oct 12th, 2021 at 22.308250
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).