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.
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MarketClub’s Trade Triangles for MXNCAD
The long-term trend has been UP since Dec 1st, 2023 at 0.08044319
The intermediate-term trend has been UP since Feb 20th, 2024 at 0.07941159
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).
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 |