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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Sidelines Mode (-55) - RUBMXN 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 RUBMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBMXN.
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 RUBMXN
The long-term trend has been DOWN since Feb 16th, 2024 at 0.18278900
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.18023229
The short-term trend has been DOWN since Apr 29th, 2024 at 0.18456238
Smart Scan Analysis for RUBMXN
Based on our trend formula, RUBMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18441047 | 0.18441601 | 0.18437427 | 0.18437873 | -0.00003200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18441047 | 2024-05-09 00:09:15 |