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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Weak Downtrend (-65) - CADMXN is showing signs of a strengthening downtrend. Monitor CADMXN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CADMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADMXN
Open High Low CADMXN Price Change
15.48035 15.49040 15.38145 15.47565 -0.00470
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long-term trend has been DOWN since Sep 16th, 2020 at 15.90295

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 15.81440

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 15.42965

Smart Scan Analysis for CADMXN

Based on our trend formula, CADMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.48035 15.49040 15.38145 15.47565 -0.00470
Prev. Close Volume Bid Ask Time
15.48035 2020-12-03 14:52:08
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