Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Crossroads (+60) - MXNCHF is struggling to move into a solid trend. Beware of choppy markets 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 Feb 26th, 2020 at 0.0503125
The intermediate-term trend has been UP since May 10th, 2020 at 0.0411750
The short-term trend has been UP since May 18th, 2020 at 0.0409800
Smart Scan Analysis for MXNCHF
Based on our trend formula, MXNCHF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).