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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Long-Term Downtrend (-90) - MXNCAD is in a strong downtrend that is likely to continue. While MXNCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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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 DOWN since Apr 16th, 2024 at 0.08136700
The short-term trend has been DOWN since Apr 12th, 2024 at 0.08266850
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07907850 | 0.08007029 | 0.07886283 | 0.08002250 | +0.00094400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07907850 | 2024-04-19 09:22:28 |