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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Sidelines Mode (+55) - MXNCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCAD.
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 MXNCAD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.07758931
The intermediate-term trend has been UP since Sep 15th, 2024 at 0.07086081
The short-term trend has been DOWN since Sep 19th, 2024 at 0.07006704
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07021000 | 0.07034285 | 0.07017000 | 0.07033700 | +0.00012700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07021000 | 2024-09-20 02:43:22 |