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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.

FOREX_CHFMXN
Open High Low CHFMXN Price Change
21.96875 22.05460 21.90265 22.04285 +0.07410
Entry Signal

MarketClub’s Trade Triangles for CHFMXN

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 22.91870

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 23.56515

short term up 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).

+50
Smart Scan Analysis for CHFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.96875 22.05460 21.90265 22.04285 +0.07410
Prev. Close Volume Bid Ask Time
21.96875 2020-11-25 08:56:38
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