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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

Swiss Franc/Mexican Peso (FOREX:CHFMXN)

Crossroads (+60) - CHFMXN 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 CHFMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFMXN
Open High Low CHFMXN Price Change
21.930850 21.992700 21.845575 21.958534 +0.027684
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 22.918700

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2021 at 21.959157

short term up The short-term trend has been UP since Jul 29th, 2021 at 21.959950

Smart Scan Analysis for CHFMXN

Based on our trend formula, CHFMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.930850 21.992700 21.845575 21.958534 +0.027684
Prev. Close Volume Bid Ask Time
21.930850 2021-07-30 17:06:12
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