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.
MarketClub’s Trade Triangles for CHFMXN
The long-term trend has been DOWN since Nov 4th, 2020 at 22.918700
The intermediate-term trend has been UP since Jul 21st, 2021 at 21.959157
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).