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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Weak Downtrend (-65) - MXNCAD is showing signs of a strengthening downtrend. Monitor MXNCAD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.06937200 0.06942513 0.06930650 0.06932300 -0.00004900
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.07758931

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2024 at 0.06884344

short term up The short-term trend has been UP since Nov 15th, 2024 at 0.06893002

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06937200 0.06942513 0.06930650 0.06932300 -0.00004900
Prev. Close Volume Bid Ask Time
0.06937200 2024-11-20 03:46:50
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