Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
15.636200 15.654746 15.505184 15.518850 -0.117350
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term up The long-term trend has been UP since Aug 2nd, 2022 at 16.096828

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 15.664100

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 15.690638

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).

-70
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.636200 15.654746 15.505184 15.518850 -0.117350
Prev. Close Volume Bid Ask Time
15.636200 2022-08-12 17:08:45
Get a free daily analysis and signals for Canadian Dollar/Mexican Peso (CADMXN) - Request Your Free Report.