Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
13.432750 13.455550 13.371325 13.417719 -0.015031
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long-term trend has been DOWN since Aug 26th, 2022 at 15.313141

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 13.709963

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 13.611684

Smart Scan Analysis for CADMXN

Based on our trend formula, CADMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.432750 13.455550 13.371325 13.417719 -0.015031
Prev. Close Volume Bid Ask Time
13.432750 2023-03-28 14:11:38
Get a free daily analysis and signals for Canadian Dollar/Mexican Peso (CADMXN) - Request Your Free Report.