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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Crossroads (-60) - MXNRUB is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Apr 12th, 2024 at 5.6559568
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.4042891 | 5.4182225 | 5.3826937 | 5.4019064 | -0.0023830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.4042891 | 2024-04-25 07:09:32 |