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Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2025.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Crossroads (+60) - CADMXN is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for CADMXN
The long-term trend has been DOWN since Dec 23rd, 2024 at 13.946934
The intermediate-term trend has been UP since Dec 30th, 2024 at 14.349550
The short-term trend has been UP since Jan 16th, 2025 at 14.484913
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.490777 | 14.534900 | 14.349800 | 14.377910 | -0.112867 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.490777 | 2025-01-17 10:17:00 |