Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.068775 0.069420 0.068600 0.069340 +0.000565
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term up The long term trend has been UP since Aug 7th, 2018 at 0.070490

intermediate term down The intermediate term trend has been DOWN since Aug 12th, 2018 at 0.068645

short term down The short term trend has been DOWN since Aug 9th, 2018 at 0.069910

Smart Scan Analysis for MXNCAD

Based on a pre-defined weighted trend formula for chart analysis, MXNCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.068775 0.069420 0.068600 0.069340 +0.000565
Prev. Close Volume Bid Ask Time
0.068775 0.069320 0.069360 2018-08-16 18:08:08
Want to analyze Mexican Peso/Canadian Dollar MXNCAD or another symbol? Try our Free Forex Trend Analysis Report.