Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADMXN
The long term trend has been DOWN since Dec 25th, 2018 at 14.37585
The intermediate term trend has been UP since May 9th, 2019 at 14.22320
The short term trend has been DOWN since May 14th, 2019 at 14.19820
Smart Scan Analysis for CADMXN
Based on a pre-defined weighted trend formula for chart analysis, CADMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).