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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Sidelines Mode (-50) - CADMXN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADMXN can gain 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 12.888850
The intermediate-term trend has been DOWN since Sep 15th, 2024 at 14.123401
The short-term trend has been DOWN since Oct 24th, 2024 at 14.311760
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.320650 | 14.417600 | 14.284992 | 14.392568 | +0.071918 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.320650 | 2024-10-25 17:06:23 |