Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Weak Downtrend (-65) - CADMXN is showing signs of a strengthening downtrend. Monitor CADMXN as it may be building momentum to the downside.
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 28th, 2020 at 14.75610
The intermediate-term trend has been DOWN since May 18th, 2020 at 16.88789
The short-term trend has been DOWN since May 15th, 2020 at 16.92790
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).