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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.

Open High Low MXNRUB Price Change
3.5184 3.5353 3.5093 3.5348 +0.0164
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 up The intermediate term trend has been UP since Jun 25th, 2018 at 3.15090

short term down 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).

Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5184 3.5353 3.5093 3.5348 +0.0164
Prev. Close Volume Bid Ask Time
3.5184 3.5340 3.5356 2018-08-17 09:31:29
Want to analyze Mexican Peso/Russian Ruble MXNRUB or another symbol? Try our Free Forex Trend Analysis Report.