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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2017.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MXNRUB
Open High Low MXNRUB Price Change
3.23950 3.25150 3.22900 3.24595 +0.00645
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term up The long term trend has been UP since Apr 7th, 2017 at 3.05260

intermediate term down The intermediate term trend has been DOWN since Aug 9th, 2017 at 3.33215

short term down The short term trend has been DOWN since Sep 21st, 2017 at 3.25070

Smart Scan Analysis for MXNRUB

Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.23950 3.25150 3.22900 3.24595 +0.00645
Prev. Close Volume Bid Ask Time
3.23950 3.24460 3.24730 2017-09-22 18:41:31
Want to analyze Mexican Peso/Russian Ruble MXNRUB or another symbol? Try our Free Forex Trend Analysis Report.