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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Countertrend Down (-85) - CADMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
12.346912 12.456151 12.319784 12.423550 +0.076638
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 12.431084

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 12.593750

short term up The short-term trend has been UP since Mar 18th, 2024 at 12.399669

Smart Scan Analysis for CADMXN

Based on our trend formula, CADMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.346912 12.456151 12.319784 12.423550 +0.076638
Prev. Close Volume Bid Ask Time
12.346912 2024-03-18 22:28:42
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