Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Sidelines Mode (+50) - CHFMXN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFMXN can gain momentum.
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.
MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been DOWN since Nov 4th, 2020 at 22.91870
The intermediate-term trend has been UP since Nov 4th, 2020 at 23.56515
The short-term trend has been UP since Nov 4th, 2020 at 23.36980
Smart Scan Analysis for CHFMXN
Based on our trend formula, CHFMXN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).