Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Sidelines Mode (+55) - CADMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 27th, 2023 at 13.102200
The intermediate-term trend has been DOWN since Oct 30th, 2023 at 13.007743
The short-term trend has been UP since Nov 28th, 2023 at 12.627625
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).