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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Sidelines Mode (+55) - CHFMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 18.827585
The intermediate-term trend has been UP since Apr 14th, 2024 at 18.468432
The short-term trend has been DOWN since Apr 30th, 2024 at 18.666008
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.613450 | 18.619390 | 18.456764 | 18.570726 | -0.042724 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.613450 | 2024-05-01 17:20:27 |