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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Bear Market Rally (-75) - MXNCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNCAD as it may be in the beginning 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
0.06085650 0.06101146 0.06071596 0.06096800 +0.00011200
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.06125350

intermediate term down The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 0.06218772

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.06024591

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06085650 0.06101146 0.06071596 0.06096800 +0.00011200
Prev. Close Volume Bid Ask Time
0.06085650 2021-10-21 17:29:24
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