Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Sidelines Mode (+55) - CADMXN 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 CADMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADMXN
The long-term trend has been UP since Apr 18th, 2024 at 12.888850
The intermediate-term trend has been UP since Apr 14th, 2024 at 12.291955
The short-term trend has been DOWN since Apr 29th, 2024 at 12.451081
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.328335 | 12.361989 | 12.276137 | 12.280400 | -0.047935 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.328335 | 2024-05-09 15:49:48 |