Analyze Symbol

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
14.13960 14.16265 14.08790 14.13075 -0.00885
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long term trend has been DOWN since Dec 25th, 2018 at 14.37585

intermediate term up The intermediate term trend has been UP since May 9th, 2019 at 14.22320

short term down 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).

-75
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.13960 14.16265 14.08790 14.13075 -0.00885
Prev. Close Volume Bid Ask Time
14.13960 14.12420 14.13730 2019-05-23 19:02:13
Want to analyze Canadian Dollar/Mexican Peso CADMXN or another symbol? Try our Free Forex Trend Analysis Report.