Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CHFMXN
The long term trend has been UP since May 31st, 2019 at 19.54375
The intermediate term trend has been UP since Dec 31st, 2019 at 19.58700
The short term trend has been DOWN since Jan 17th, 2020 at 19.34745
Smart Scan Analysis for CHFMXN
Based on a pre-defined weighted trend formula for chart analysis, CHFMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).