Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Sidelines Mode (+55) - MXNCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCHF
The long-term trend has been DOWN since Oct 6th, 2021 at 0.04474032
The intermediate-term trend has been UP since Dec 21st, 2021 at 0.04460411
The short-term trend has been DOWN since Jan 19th, 2022 at 0.04483500
Smart Scan Analysis for MXNCHF
Based on our trend formula, MXNCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).