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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Canadian Dollar/Mexican Peso (FOREX:CADMXN)
Long-Term Downtrend (-90) - CADMXN is in a strong downtrend that is likely to continue. While CADMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CADMXN
The long-term trend has been DOWN since Dec 23rd, 2024 at 13.946934
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 14.357938
The short-term trend has been DOWN since Dec 20th, 2024 at 14.037300
Smart Scan Analysis for CADMXN
Based on our trend formula, CADMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.04705 | 14.04950 | 13.97795 | 14.00575 | -0.04130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.04705 | 2024-12-26 14:24:49 |