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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Strong Uptrend (+100) - CADMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Apr 18th, 2024 at 12.88885
The intermediate-term trend has been UP since Oct 30th, 2024 at 14.52495
The short-term trend has been UP since Nov 20th, 2024 at 14.52915
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.532300 | 14.580455 | 14.507929 | 14.568650 | +0.036350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.532300 | 2024-11-21 07:22:17 |