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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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
14.51170 14.52845 14.44915 14.49625 -0.01545
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long term trend has been DOWN since Nov 8th, 2019 at 14.48350

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 14.48775

short term down The short term trend has been DOWN since Dec 4th, 2019 at 14.68490

Smart Scan Analysis for CADMXN

Based on a pre-defined weighted trend formula for chart analysis, CADMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.51170 14.52845 14.44915 14.49625 -0.01545
Prev. Close Volume Bid Ask Time
14.51170 14.49340 14.49910 2019-12-12 13:43:48
Want to analyze Canadian Dollar/Mexican Peso CADMXN or another symbol? Try our Free Forex Trend Analysis Report.