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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.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.05994948 0.06000506 0.05929502 0.05936952 -0.00058000
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 0.06098300

intermediate term down The intermediate-term trend has been DOWN since Jan 25th, 2021 at 0.06315437

short term down 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).

-100
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05994948 0.06000506 0.05929502 0.05936952 -0.00058000
Prev. Close Volume Bid Ask Time
0.05994948 2021-03-05 17:04:12
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