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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.

FOREX_MXNCHF
Open High Low MXNCHF Price Change
0.0516945 0.0519575 0.0516580 0.0518220 +0.0001280
Entry Signal

MarketClub’s Trade Triangles for MXNCHF

long term down The long term trend has been DOWN since May 31st, 2019 at 0.05116900

intermediate term down The intermediate term trend has been DOWN since Dec 31st, 2019 at 0.05106157

short term up 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).

-65
Smart Scan Analysis for MXNCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0516945 0.0519575 0.0516580 0.0518220 +0.0001280
Prev. Close Volume Bid Ask Time
0.0516945 0.0518120 0.0518320 2020-01-22 09:28:05
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