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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
3.31270 3.32460 3.30040 3.31315 +0.00045
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term up The long term trend has been UP since Apr 4th, 2018 at 3.17400

intermediate term down The intermediate term trend has been DOWN since Sep 5th, 2018 at 3.49290

short term down The short term trend has been DOWN since Nov 13th, 2018 at 3.29705

Smart Scan Analysis for MXNRUB

Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.31270 3.32460 3.30040 3.31315 +0.00045
Prev. Close Volume Bid Ask Time
3.31270 3.31240 3.31390 2018-11-14 10:06:51
Want to analyze Mexican Peso/Russian Ruble MXNRUB or another symbol? Try our Free Forex Trend Analysis Report.