Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.
MarketClub’s Trade Triangles for MXNCAD
The long term trend has been DOWN since Jul 6th, 2017 at 0.07060
The intermediate term trend has been UP since Jan 14th, 2018 at 0.06582
The short term trend has been UP since Feb 1st, 2018 at 0.06674
Smart Scan Analysis for MXNCAD
Based on a pre-defined weighted trend formula for chart analysis, MXNCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).