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.
MarketClub’s Trade Triangles for MXNCHF
The long-term trend has been DOWN since Aug 1st, 2022 at 0.0465470
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 0.0481535
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).