Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNCHF
The long term trend has been DOWN since May 31st, 2019 at 0.05116900
The intermediate term trend has been DOWN since Dec 31st, 2019 at 0.05106157
The short term trend has been UP since Jan 17th, 2020 at 0.05171959
Smart Scan Analysis for MXNCHF
Based on a pre-defined weighted trend formula for chart analysis, MXNCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).