Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Strong Uptrend (+100) - MXNCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid
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 UP since Nov 4th, 2019 at 0.06904500
The intermediate-term trend has been UP since Jan 17th, 2020 at 0.06993297
The short-term trend has been UP since Jan 28th, 2020 at 0.07008900
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).