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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Long-Term Uptrend (+90) - CHFMXN is in a strong uptrend that is likely to continue. While CHFMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been UP since Jun 4th, 2024 at 20.042000
The intermediate-term trend has been UP since Jul 24th, 2024 at 20.486750
The short-term trend has been UP since Jul 17th, 2024 at 19.974318
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.910050 | 20.976362 | 20.714924 | 20.882905 | -0.027145 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.910050 | 2024-07-26 17:00:42 |