Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Strong Downtrend (-100) - MXNCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MXNCAD
The long-term trend has been DOWN since Feb 22nd, 2021 at 0.06098300
The intermediate-term trend has been DOWN since Jan 25th, 2021 at 0.06315437
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.06083685
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).