Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Sidelines Mode (-55) - MXNRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNRUB.
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 MXNRUB
The long-term trend has been UP since Feb 16th, 2024 at 5.4705702
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 5.5483954
The short-term trend has been UP since Apr 29th, 2024 at 5.4182225
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
5.4958067 | 5.5527511 | 5.3887109 | 5.4269875 | -0.0688190 |
Prev. Close | Volume | Bid | Ask | Time |
5.4958067 | 2024-05-02 09:40:25 |