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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.

FOREX_MXNCHF
Open High Low MXNCHF Price Change
0.05144843 0.05149600 0.05126200 0.05143150 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for MXNCHF

long term down The long term trend has been DOWN since May 31st, 2019 at 0.0511690

intermediate term down The intermediate term trend has been DOWN since Nov 13th, 2019 at 0.0512565

short term up 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).

-55
Smart Scan Analysis for MXNCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05144843 0.05149600 0.05126200 0.05143150 -0.00001700
Prev. Close Volume Bid Ask Time
0.05144843 0.05142200 0.05144100 2019-12-09 13:13:44
Want to analyze Mexican Peso/Swiss Franc MXNCHF or another symbol? Try our Free Forex Trend Analysis Report.