Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Weak Uptrend (+65) - CADMXN is showing signs of weakening momentum to the upside. Monitor CADMXN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CADMXN
The long-term trend has been UP since Oct 4th, 2021 at 16.324726
The intermediate-term trend has been UP since Aug 23rd, 2021 at 16.081100
The short-term trend has been DOWN since Oct 13th, 2021 at 16.598715
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).