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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Crossroads (+60) - MXNCAD 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 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
0.07928316 0.07940650 0.07899448 0.07911850 -0.00016500
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 0.07632333

intermediate term up The intermediate-term trend has been UP since Oct 30th, 2023 at 0.07687421

short term up The short-term trend has been UP since Nov 27th, 2023 at 0.07993950

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07928316 0.07940650 0.07899448 0.07911850 -0.00016500
Prev. Close Volume Bid Ask Time
0.07928316 2023-11-28 14:52:44
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