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.
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 Nov 6th, 2017 at 3.08905
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).