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.
MarketClub’s Trade Triangles for CADMXN
The long-term trend has been DOWN since Sep 16th, 2020 at 15.90295
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 15.81440
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).