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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Swiss Franc/Mexican Peso (FOREX:CHFMXN)

Crossroads (+60) - CHFMXN is struggling to move into a solid trend. Beware of choppy markets 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
22.857127 22.878000 22.781944 22.807248 -0.049879
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 22.918700

intermediate term up The intermediate-term trend has been UP since Jan 27th, 2021 at 22.839923

short term up The short-term trend has been UP since Feb 26th, 2021 at 23.216188

Smart Scan Analysis for CHFMXN

Based on our trend formula, CHFMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.857127 22.878000 22.781944 22.807248 -0.049879
Prev. Close Volume Bid Ask Time
22.857127 2021-03-01 06:13:41
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