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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Long-Term Downtrend (-90) - CADMXN is in a strong downtrend that is likely to continue. While CADMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
12.188000 12.291955 12.181206 12.275000 +0.087000
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 down The short-term trend has been DOWN since Mar 27th, 2024 at 12.325867

Smart Scan Analysis for CADMXN

Based on our trend formula, CADMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.188000 12.291955 12.181206 12.275000 +0.087000
Prev. Close Volume Bid Ask Time
12.188000 2024-03-28 20:59:01
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