Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
Swiss Franc/Mexican Peso (FOREX:CHFMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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.
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MarketClub’s Trade Triangles for CHFMXN
The long term trend has been DOWN since Feb 10th, 2019 at 18.9676
The intermediate term trend has been DOWN since Apr 9th, 2019 at 18.9021
The short term trend has been UP since Apr 23rd, 2019 at 18.5755
Smart Scan Analysis for CHFMXN
Based on a pre-defined weighted trend formula for chart analysis, CHFMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.65025 | 18.68435 | 18.63805 | 18.65445 | +0.00420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.65025 | 18.64940 | 18.65950 | 2019-04-26 08:06:53 |