Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Strong Uptrend (+100) - CADMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Feb 22nd, 2021 at 16.398150
The intermediate-term trend has been UP since Dec 10th, 2020 at 15.598900
The short-term trend has been UP since Mar 3rd, 2021 at 16.437405
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).