Free Daily Analysis

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
14.490777 14.534900 14.349800 14.377910 -0.112867
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long-term trend has been DOWN since Dec 23rd, 2024 at 13.946934

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2024 at 14.349550

short term up 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).

+60
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Canadian Dollar/Mexican Peso (CADMXN) - Request Your Free Report.