Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Apr 4th, 2018 at 3.17400
The intermediate term trend has been UP since Jun 25th, 2018 at 3.15090
The short term trend has been DOWN since Aug 14th, 2018 at 3.51045
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).