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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
13.121750 13.188070 12.970024 13.116799 -0.004951
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 12.888850

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2024 at 13.086701

short term up The short-term trend has been UP since Jul 18th, 2024 at 13.085950

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).

-55
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.121750 13.188070 12.970024 13.116799 -0.004951
Prev. Close Volume Bid Ask Time
13.105101 2024-07-19 17:04:30
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