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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.

FOREX_CADMXN
Open High Low CADMXN Price Change
16.101692 16.183850 16.062300 16.069650 -0.032042
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 14.75610

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 16.88789

short term down 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).

-70
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.101692 16.183850 16.062300 16.069650 -0.032042
Prev. Close Volume Bid Ask Time
16.101692 16.058800 16.080500 2020-05-31 23:06:58
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