Free Daily Analysis

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.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.06437726 0.06445569 0.06427900 0.06444895 +0.00007200
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Aug 2nd, 2022 at 0.06214341

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.06384692

short term up 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).

+70
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06437726 0.06445569 0.06427900 0.06444895 +0.00007200
Prev. Close Volume Bid Ask Time
0.06437726 2022-08-15 03:11:24
Get a free daily analysis and signals for Mexican Peso/Canadian Dollar (MXNCAD) - Request Your Free Report.