Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.
MarketClub’s Trade Triangles for MXNRUB
The long term trend has been DOWN since Oct 4th, 2017 at 3.15580
The intermediate term trend has been UP since Jan 15th, 2018 at 2.97925
The short term trend has been DOWN since Feb 14th, 2018 at 3.08605
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).