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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Mexican Peso/Canadian Dollar (FOREX:MXNCAD)
Crossroads (-60) - MXNCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 30th, 2024 at 0.06968900
The short-term trend has been DOWN since Dec 27th, 2024 at 0.07104658
Smart Scan Analysis for MXNCAD
Based on our trend formula, MXNCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06904400 | 0.06990730 | 0.06901923 | 0.06984500 | +0.00080100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06904400 | 2025-01-02 11:03:36 |