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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Mexican Peso/Swiss Franc (FOREX:MXNCHF)

Sidelines Mode (-55) - MXNCHF 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 MXNCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCHF
Open High Low MXNCHF Price Change
0.04719259 0.04720333 0.04693606 0.04711250 -0.00008000
Entry Signal

MarketClub’s Trade Triangles for MXNCHF

long term down The long-term trend has been DOWN since Aug 1st, 2022 at 0.0465470

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 0.0481535

short term up The short-term trend has been UP since Aug 3rd, 2022 at 0.0468975

Smart Scan Analysis for MXNCHF

Based on our trend formula, MXNCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04719259 0.04720333 0.04693606 0.04711250 -0.00008000
Prev. Close Volume Bid Ask Time
0.04719259 2022-08-09 16:13:39
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