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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Long-Term Downtrend (-90) - MXNCAD is in a strong downtrend that is likely to continue. While MXNCAD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.07410488 0.07449909 0.07401710 0.07449400 +0.00038900
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.07758931

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.08032595

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.08187955

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07410488 0.07449909 0.07401710 0.07449400 +0.00038900
Prev. Close Volume Bid Ask Time
0.07410488 2024-06-18 05:09:06
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