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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
16.680924 16.861993 16.665057 16.843661 +0.162737
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term up The long-term trend has been UP since Feb 22nd, 2021 at 16.398150

intermediate term up The intermediate-term trend has been UP since Dec 10th, 2020 at 15.598900

short term up The short-term trend has been UP since Mar 3rd, 2021 at 16.437405

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).

+100
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.680924 16.861993 16.665057 16.843661 +0.162737
Prev. Close Volume Bid Ask Time
16.680924 2021-03-05 17:04:12
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