Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 7th, 2018 at 0.066035
The intermediate term trend has been DOWN since Apr 10th, 2018 at 0.069050
The short term trend has been DOWN since May 14th, 2018 at 0.065525
Smart Scan Analysis for MXNCAD
Based on a pre-defined weighted trend formula for chart analysis, MXNCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).