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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Long-Term Downtrend (-90) - MXNCHF is in a strong downtrend that is likely to continue. While MXNCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MXNCHF
The long-term trend has been DOWN since Jun 4th, 2024 at 0.04989600
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.04888950
The short-term trend has been DOWN since Jul 17th, 2024 at 0.05006429
Smart Scan Analysis for MXNCHF
Based on our trend formula, MXNCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04781970 | 0.04827245 | 0.04766587 | 0.04788609 | +0.00006600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04781970 | 2024-07-26 17:00:42 |