Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
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 28th, 2020 at 0.06776202
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 0.06948050
The short-term trend has been DOWN since Apr 3rd, 2020 at 0.05776300
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).