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.
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MarketClub’s Trade Triangles for CADMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 12.431084
The intermediate-term trend has been DOWN since Feb 20th, 2024 at 12.593750
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).
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 |