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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.

FOREX_CHFMXN
Open High Low CHFMXN Price Change
22.052700 22.175287 22.008600 22.104800 +0.052100
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term up The long-term trend has been UP since Oct 6th, 2021 at 22.349850

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 21.856959

short term down 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).

+85
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.052700 22.175287 22.008600 22.104800 +0.052100
Prev. Close Volume Bid Ask Time
22.052700 2021-10-18 23:28:20
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