Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
13.9999 14.0011 13.9944 13.9955 -0.0044
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long term trend has been DOWN since Nov 8th, 2019 at 14.483500

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 14.299417

short term down The short term trend has been DOWN since Jan 28th, 2020 at 14.267850

Smart Scan Analysis for CADMXN

Based on a pre-defined weighted trend formula for chart analysis, CADMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.9999 14.0011 13.9944 13.9955 -0.0044
Prev. Close Volume Bid Ask Time
13.9999 13.9927 13.9983 2020-02-17 01:32:54
Get a free daily report for Canadian Dollar/Mexican Peso (CADMXN) - Free Trend Analysis Report.