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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.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.05792550 0.05802600 0.05652400 0.05695483 -0.00097100
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.06776202

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2020 at 0.06948050

short term down 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).

-100
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05792550 0.05802600 0.05652400 0.05695483 -0.00097100
Prev. Close Volume Bid Ask Time
0.05792550 0.05695141 0.05695826 2020-04-03 23:58:14
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