Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Mexican Peso/Swiss Franc (FOREX:MXNCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MXNCHF
The long term trend has been DOWN since May 31st, 2019 at 0.0511690
The intermediate term trend has been DOWN since Nov 13th, 2019 at 0.0512565
The short term trend has been UP since Dec 6th, 2019 at 0.0511020
Smart Scan Analysis for MXNCHF
Based on a pre-defined weighted trend formula for chart analysis, MXNCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).