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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Mexican Peso/Swiss Franc (FOREX:MXNCHF)

Countertrend Up (+85) - MXNCHF 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 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
0.05537400 0.05555900 0.05440639 0.05489359 -0.00048000
Entry Signal

MarketClub’s Trade Triangles for MXNCHF

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.05311750

intermediate term up The intermediate-term trend has been UP since Jan 15th, 2024 at 0.05065643

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.05500571

Smart Scan Analysis for MXNCHF

Based on our trend formula, MXNCHF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MXNCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05537400 0.05555900 0.05440639 0.05489359 -0.00048000
Prev. Close Volume Bid Ask Time
0.05537400 2024-04-12 17:05:35
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