Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Canadian Dollar/Mexican Peso (FOREX:CADMXN)

Bull Market Weakness (+75) - CADMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADMXN as it may be in the beginning stages of a reversal.

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.

FOREX_CADMXN
Open High Low CADMXN Price Change
12.153700 12.356402 12.140945 12.338600 +0.184900
Entry Signal

MarketClub’s Trade Triangles for CADMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 12.431084

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2024 at 12.291955

short term up The short-term trend has been UP since Apr 14th, 2024 at 12.168100

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).

+70
Smart Scan Analysis for CADMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.153700 12.356402 12.140945 12.338600 +0.184900
Prev. Close Volume Bid Ask Time
12.153700 2024-04-16 16:23:23
Get a free daily analysis and signals for Canadian Dollar/Mexican Peso (CADMXN) - Request Your Free Report.