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Forex Trend Analysis Report

Prepared for you on Thursday, November 23, 2017.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_MXNRUB
Open High Low MXNRUB Price Change
3.13110 3.14270 3.12695 3.13755 +0.00645
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term down The long term trend has been DOWN since Oct 4th, 2017 at 3.15580

intermediate term up The intermediate term trend has been UP since Nov 6th, 2017 at 3.08905

short term up The short term trend has been UP since Nov 14th, 2017 at 3.12075

Smart Scan Analysis for MXNRUB

Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.13110 3.14270 3.12695 3.13755 +0.00645
Prev. Close Volume Bid Ask Time
3.13110 3.13570 3.13940 2017-11-23 18:47:03
Want to analyze Mexican Peso/Russian Ruble MXNRUB or another symbol? Try our Free Forex Trend Analysis Report.