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Forex Trend Analysis Report

Prepared for you on Monday, August 10, 2020.

Mexican Peso/Canadian Dollar (FOREX:MXNCAD)

Countertrend Down (-85) - MXNCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.0597985 0.0598445 0.0593185 0.0593555 -0.0004430
Entry Signal

MarketClub’s Trade Triangles for MXNCAD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.06776202

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 0.05939950

short term up The short-term trend has been UP since Aug 7th, 2020 at 0.05958850

Smart Scan Analysis for MXNCAD

Based on our trend formula, MXNCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0597985 0.0598445 0.0593185 0.0593555 -0.0004430
Prev. Close Volume Bid Ask Time
0.0597985 0.0593450 0.0593660 2020-08-10 11:12:51
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