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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Countertrend Up (+85) - MXNCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 23rd, 2024 at 0.07169909
The intermediate-term trend has been UP since Jan 24th, 2025 at 0.07095945
The short-term trend has been UP since Feb 3rd, 2025 at 0.07099097
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06991576 | 0.06996650 | 0.06925188 | 0.06964000 | -0.00027600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06991576 | 2025-02-05 05:50:26 |