Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Bull Market Weakness (+75) - MXNCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCAD as it may be in the beginning stages of a reversal.
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 Aug 2nd, 2022 at 0.06214341
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.06384692
The short-term trend has been UP since Aug 12th, 2022 at 0.06417676
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).