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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Sidelines Mode (+55) - CADMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
12.613028 12.659251 12.592950 12.632950 +0.019922
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term up The long-term trend has been UP since Sep 27th, 2023 at 13.102200

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2023 at 13.007743

short term up The short-term trend has been UP since Nov 28th, 2023 at 12.627625

Smart Scan Analysis for CADMXN

Based on our trend formula, CADMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.613028 12.659251 12.592950 12.632950 +0.019922
Prev. Close Volume Bid Ask Time
12.613028 2023-11-28 15:14:44
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