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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

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

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.

FOREX_MXNCAD
Open High Low MXNCAD Price Change
0.08042500 0.08056158 0.08030900 0.08031650 -0.00010800
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.08044319

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.07941159

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.08064000

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08042500 0.08056158 0.08030900 0.08031650 -0.00010800
Prev. Close Volume Bid Ask Time
0.08042500 2024-03-19 05:20:56
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